The progressive reintegration of Venezuela into the global financial scenario could boost the return of equity securities to international financial markets and the Wall Street stock exchange, according to the president of the Caracas Stock Exchange, José Grasso Vecchio.
The union member…
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IDB
IDB resumes relations with Venezuela and appoints new Governor to the institution
The Inter-American Development Bank (IDB) resumed relations with Venezuela last Wednesday, June 24. The new governor to the institution is Calixto José Ortega Sánchez.
Relations between the South American country and the financial…
Bolivia could default without new international financing
Bolivia's internal situation has led the country to the depletion of its international reserves. In this context, President Luis Arce has indicated that without new financing, it could default.
The main creditors of the South American…
Paraguay receives IDB support in financial modernization process
A recent agreement between the Inter-American Development Bank (IDB) and the Central Bank of Paraguay (BCP) will allow for sustained progress toward the modernization of the country's financial system through the adoption of International…
Latin America and the IDB create an alliance against organized crime
The Inter-American Development Bank signed the Alliance for Security, Justice and Development with Argentina, Bahamas, Barbados, Belize, Brazil, Chile, Costa Rica, Dominican Republic, Ecuador, Guatemala, Guyana, Honduras, Jamaica, Panama,…
IDB Invest to manage investments in Latin America and the Caribbean with a new platform
IDB Invest, the investment arm of the Inter-American Development Bank, will work together with Colabora Capital Partners (CCP) to develop a new platform aimed at managing investments in Latin America and the Caribbean.
According to the…
IDB to grant $200 million to Uruguay for energy transition and climate change
Through the Executive Branch, Uruguay accepted a $200 million loan from the Inter-American Development Bank (IDB) to face the climate crisis and promote the energy transition.
The loan, which will be amortized over 20 years, will allow the…
IDB and Brazilian banks will finance sustainable projects in the Amazon
The Inter-American Development Bank (IDB) will create the Amazonía for All index fund, with the Brazilian banks Banco do Brasil, Caixa Econômica Federal and the National Bank for Economic and Social Development, to finance sustainable…
IDB estimates a growth of fintechs in Latin America of 340 % in six years
The Inter-American Development Bank (IDB) recently presented a report estimating that the growth of fintechs in Latin America and the Caribbean, in six years, has been 340 %, with Mexico, Colombia and Brazil at the top of the segment.
“At…
IDB: Digital payments have increased in Latin America and the Caribbean
Digital payments have experienced rapid growth in Central America and the Caribbean, according to the recent Inter-American Development Bank (IDB) report titled “Towards Greater Financial Inclusion for Development.”
The IDB published this…
IDB: Latin American public debt reduced between 2020 and 2023
The Inter-American Development Bank, IDB, indicated this Monday that Latin America's public debt has been reduced and is close to reaching pre-pandemic levels.
According to the organization, public debt has been reduced in the region…
Exports in Latin America fell in the first half
Within the framework of the first half of 2023, exports of goods from Latin America and the Caribbean experienced a 2.7 % decrease compared to the same period of the previous year, according to the report 'Monitor of Trade and Integration'…