The main banks promoting the development of Latin America announced this Thursday within the framework of the summit of the Mercosur an agreement to jointly finance the works necessary to guarantee the physical integration of the countries of South America. A total of US$10 billion was made available by financial entities to promote the initiative. […]
Tag: IDB
IDB will triple financing to confront the climate crisis in Latin America
He Inter-American Development Bank (IDB) will triple to US$150 billion over the next ten years the financing for resilience and mitigation projects aimed at dealing with the climate crisis in Latin America and the Caribbean. The president of the IDB, Ilan Goldfajn, announced in an interview with EFE that this is the commitment that the […]
Remittances to Peru would reach 1.6% of its GDP in 2023
With US$4,241 million at the end of 2023 (1.6% of its GDP), Peru would become the fourth country that would receive the most remittances from migrants in South America, and the ninth if we count the entire Latin American region and the Caribbean, according to a recent study by the Inter-American Development Bank (IDB). According […]
IDB: Peru is the fourth country in South America that receives the most remittances from migrants
A new report published by the Inter-American Development Bank (IDB) reveals that Peru is the ninth country that receives the most remittances from migrants in Latin America and the Caribbean, and the fourth only in South America. According to the report prepared by René Maldonado and Jeremy Harris, in the first half of 2023, Peru […]
IDB: 60% of remittances that arrive in Latin America come from the US.
The remittances that the countries of Latin America and the Caribbean will reach a record of US$155 billion in 2023, driven above all by hundreds of thousands of immigrants who send money to the region from the United States to help their families survive, according to projections released Thursday by the Inter-American Development Bank. The […]
IDB urges Latin America to take advantage of the “opportunity” of the energy transition
The president of Inter-American Development Bank (IDB)the Brazilian Ilan Goldfajnstated this Tuesday that Latin America and the Caribbean, despite their fiscal problems, are at “the center of the opportunities” offered by the energy transition. “Latin America and the Caribbean “They continue to face challenges,” with “a growing demand for social improvements along with fiscal restrictions […]
Presidents from Latin America to the US: We have a lot to give
Several Latin American presidents asked this Thursday at a forum in Washington that USA look at Latin America as a place in which to invest thanks to its enormous potential and at the same time helping to generate more prosperity and more inclusive and sustainable societies. “It is not begging for things, but Uruguay “It […]
US and IDB advocate for an integrated supply chain throughout America
The United States and the Inter-American Development Bank (IDB) reaffirmed this Thursday their commitment to promoting the existence of an integrated supply chain between the North American country and the rest of the Latin American countries. This was stated by the US Secretary of the Treasury, Janet Yellen, and the president of the IDB, the […]
Mexico highlights economic growth of 6% for the southeastern region of the country
The government of Mexico He boasted that his strategy of promoting the states of the south-southeast has allowed the region’s economy to grow by up to 6%, double the growth of the mexican economy as a whole. This, as part of an unprecedented initiative by the Ministry of Finance and Public Credit (SHCP) to form […]
Technology is moving faster than regulation in crypto, according to BPI’s Carstens
The general director of Bank for International Settlements (BIS)the Mexican Agustín Carstens, recognizes that the development of cryptocurrencies has anticipated the regulatory capacity of the financial system and emphasizes restricting them to protect the consumer and preserve financial stability. “It must be recognized that this innovation has not waited for the regulatory and supervisory framework. […]