INter American Development Bank IDB
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CARICOM and IDB partner on framework to measure poverty and vulnerability
“The challenge before us is clear: how do we measure what matters the most? How do we quantify the effects on the lives and livelihoods of our citizens so that we can respond effectively and build resilience,” CARICOM Deputy Secretary-General, Dr Armstrong Alexis. (CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) – The Caribbean Community (CARICOM) has welcomed a partnership with the…
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IDB, CAF, and CDB Launch Caribbean Debt-for-Resilience Joint Initiative
Belem, Brazil– November 13, 2025: The Inter-American Development Bank (IDB), CAF – Development Bank of Latin America and the Caribbean, and the Caribbean Development Bank (CDB) launched today at COP30 the Caribbean Multi-Guarantor Debt-for-Resilience Joint Initiative, a landmark regional effort designed to boost disaster preparedness while easing debt pressures across the Caribbean. By leveraging guarantees from Multilateral Development Banks (MDBs)…
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IDB grants aid to strengthen institutional capacity in the Bahamas
WASHINGTON, CMC – The Inter-American Development Bank (IDB) has approved a US$450,000 technical cooperation grant for strengthening institutional capacity in the Bahamas. The Washington-based financial institution said the grant was made at the request of the Government of The Bahamas. It said the general objective of the technical co-operation is to strengthen the institutional capacity of the Office of the…
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IDB to hold seminar on development challenges in the Caribbean
WASHINGTON, CMC – The Inter-American Development Bank (IDB) says leading experts from academia and development institutions will gather here this week to address development challenges facing the Caribbean and Latin America. The Washington-based financial institution said while the region faces “complex development challenges,” including crime, low growth rates and lagging educational achievement, scholars and policymakers will examine recent “policy-relevant findings…
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OECS to benefit from US$20 million IDB loan
WASHINGTON, CMC – The Inter-American Development Bank (IDB) has signed an agreement for US$20 million for a Global Loan Program with the Caribbean Development Bank (CDB) for projects in four Organization of Eastern Caribbean States (OECS) countries. The CDB will lend the funds for the financing of public sector projects in Dominica, Grenada, St. Lucia and St. Vincent and the…
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IDB supports sustainable energy for rural electrification in Haiti
WASHINGTON, CMC – The Inter-American Development Bank (IDB) says it will support a US$3 million technical cooperation project to help the government of Haiti test different renewable energy solutions with the goal of expanding rural electrification. The Washington-based financial institution said Haiti has the lowest level of electrification in the Americas, and n the countryside, over 70 percent of the…
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CARIBBEAN-ECONOMY-Psychometric testing a good indicator for creditworthiness in the Caribbean
WASHINGTON, CMC – The Inter-American Development Bank (IDB) says it has found that “psychometric” testing is a “good predictor” of creditworthiness and a cost-effective way for financial intermediaries in Latin America and the Caribbean to reduce the costs of their credit assessment operations. The Washington-based financial institution said the testing is a tool that has been successfully used by human…
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