idb
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Latin America and Caribbean growth to pick up slightly in 2015
Latin America and the Caribbean's economic growth might recover modestly to 2.2 percent in 2015, up from 1.3 percent in 2014, its lowest rate since last decade's global financial crisis. Despite the slowdown, the region has managed to maintain its gains against poverty, said Inter-American Development Bank President Luis Alberto Moreno. In his year-end report to the Board of Executive…
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Jamaica Minister wants more international support for Caribbean
KINGSTON, December 21, 2014 -Finance and Planning Minister, Dr. Peter Phillips, has repeated his call for a “new agenda” of support for Caribbean states by international finance institutions, to effectively address vulnerabilities related to climate change and significant debt, which regional territories currently experience. Speaking at a private sector luncheon for Inter-American Development (IDB) President, Luis Alberto Moreno, in Kingston,…
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IDB to support Bahamas efforts to improve fiscal effectiveness
WASHINGTON, USA — The Inter-American Development Bank (IDB) has approved a $33 million loan for The Bahamas to improve the management of its public finances and procurement, and to enhance its capacity to monitor progress and implementation of key government priorities. The Bahamas’ tourist-based economy has been growing steadily in recent years but its public finances have suffered since…
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EU, Spain, IDB to help Caribbean develop renewable energy
NEW YORK, Sept 29, CMC – The Inter America Development Bank (IDB) says it is prepared to work with donor organizations and countries to avoid duplication on projects as the Caribbean seeks to reinforce collaboration in the field of renewable energy. “Our long and close relationship with the Caribbean has allowed us to gain extensive knowledge of the region’s current…
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New study urges the Caribbean to do more to facilitate trade
WASHINGTON,USA – A new study by the Inter American Development Bank (IDB) is urging Latin America and the Caribbean (LAC) to do more to facilitate trade in order to boost exports. “Three years of sluggish growth in the exports of Latin America and the Caribbean make it urgent to implement policies that facilitate trade,” notes the study, entitled “Trade and…
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