The growth potential of intraregional trade in Latin America is enormous but there are obstacles, such as bureaucratic procedures, that weigh down the process, especially for small and medium-sized companies in the region, said the general director of ProChileIgnacio Fernandez. Latin America has a “very low intra-regional trade”among the minors in the world, hence there […]
Tag: IDB
IDB launches plan to attract US investment in large projects in Latin America
He Inter-American Development Bank (IDB) launched the program on Wednesday “IDB for the Americas”, with which it seeks to encourage the US private sector to become involved in large public infrastructure projects in Latin America and the Caribbean. Specifically, the program seeks to promote the participation of US companies in government contracts financed by the […]
IDB and World Bank join forces to protect the Amazon and make the Caribbean resilient
He Inter-American Development Bank (IDB) and the World Bank (WB) signed this Thursday a memorandum of understanding to work in the fight against deforestation of the Amazonthe strengthening of the Caribbean in the face of natural disasters and the reduction of the digital divide in Latin America. The agreement was signed at the IDB headquarters […]
IDB: Latin America needs more investment to meet development goals in 2030
Latin America and the Caribbean need an additional investment of more than US$ 200 billion a year in infrastructure to meet the sustainable development goals by 2030, an official warned Tuesday. Inter-American Development Bank (IDB). “There is a huge infrastructure and quality deficit; only a third of the roads are paved and one in four […]
IDB and EIB will finance US$ 250 million for the Ecuador-Peru electrical interconnection
The European Investment Bank (EIB) and the Inter-American Development Bank (IDB) will finance with 250 million dollars the works on the Ecuadorian side for the electrical interconnection between Ecuador and Peru, with the construction of a 500,000 volt line. The total cost of the project will be US$289 million to build 280 of the 550 […]
Sunat will implement collaborative tax compliance program
The National Superintendence of Customs and Tax Administration (Sunat) informed that in the next few days it will launch its “Collaborative Tax Compliance Program”. This to promote permanent cooperation with taxpayers, promoting a transparent relationship and mutual trust, whose benefits are to provide greater legal certainty, reduce litigation and tax compliance costs, among others. The […]
MEF met with presidents of the World Bank and the Inter-American Development Bank
The Ministry of Economy and Finance (MEF) reported that the holder of said portfolio, Alex Contrerasmet this morning with the president of the world Bank (BM), Ajay Banga, and with the president of the Inter-American Development Bank (IDB), Ilan Goldfajn, to analyze the status of the projects that both international institutions are developing in Peru. […]
OECD: Latin America needs a green, digital and above all fair transition
Latin America needs a green, digital but above all fair transition, according to the OECDwho considers that this happens by significantly increasing the level of investments, but also because these are “quality”. This is the main message of the Organization for Economic Cooperation and Development (OECD) in the fifteenth edition of its International Economic Forum […]
IDB offers financing to cities to combat the climate crisis
The Inter-American Development Bank (IDB) offers technical and financial support to the cities of the American continent so that they develop projects to combat the climate crisis, explained Tatiana Gallego, head of the Housing and Urban Development Division of the institution. “The message we would like to give is that cities are at the forefront […]
“Overlapping crises” cloud Latin America’s economic outlook, says IDB chief
The new president of Inter-American Development Bank (IDB), Ilan Goldfajn, said this Saturday in Panama before the heads of finance of the nations of Latin America and the Caribbean that the region’s economic prospects are clouded by “overlapping crises”. Goldfajn heads the annual meeting of the IDB, which is attended by the governors of the […]