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 […]
Tag: IDB
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 […]
Latin America has a “very resilient” financial system, says IDB president
The president of the Inter-American Development Bank (IDB), Ilan Goldfajn, said on Wednesday that Latin America has a financial system “very resilient and supervised”, after the uncertainty generated after the collapse of Silicon Valley Bank (SVB) and problems with financial institutions in the United States and Europe. The recent bankruptcies of BLSvalued at US$ 209,000 […]
IDB: Latin America needs a forum for debt restructuring
The new entity would complement existing institutions such as the Paris Club or the Common Framework, according to an IDB report released Thursday. It could develop general practices and standards, as well as facilitate the ability to have conversations before and during actual contract renegotiations. “General coordination is still lacking, particularly given the diversity of […]
IDB: Latin American debt soars to US$ 5.8 trillion, 117% of GDP, in 15 years
The total debt of Latin America and the Caribbean increased to US$ 5.8 trillion, equivalent to 117% of the regional GDP, from less than 3 trillion in 2008, revealed this Thursday the Inter-American Development Bank (IDB), which considers the trend worrisome. In the study “Dealing with debt, less risk for more growth in Latin America […]
MEF approves a contingent loan of up to US$300 million with the IDB
The Ministry of Economy and Finance (MEF) approved a contingent loan of up to US$300 million with the Inter-American Development Bank (IDB) in favor of the Productivity and Competitiveness Improvement Program II. The credit is given in support of policy reforms with a deferred withdrawal option. As announced by the IDB days ago, this is […]