The leaders of 10 multilateral development banks (MDBs) today announced joint steps to work more effectively as a system and increase the impact and scale of their work to tackle urgent development challenges. In a Viewpoint Note , the leaders outlined key deliverables for joint and coordinated action in 2024 and beyond, building on the progress since their Marrakesh statement in 2023, as their institutions work to accelerate progress toward the Sustainable Development Goals (SDGs) and to better support clients in addressing regional and global challenges. Published at the conclusion of a

The Inter-American Development Bank (IDB) and the United Nations Development Programme (UNDP) reaffirmed their long-standing cooperation through a new framework agreement to foster enhanced collaboration through the harmonization of operational processes for more efficient cooperation and accelerate sustainable development in Latin America and the Caribbean. With a strategic mix of complementary expertise, strategies, and modalities, this renewed partnership enables both institutions to leverage their experience, thereby supporting more agile collaboration at the policy and programmatic levels

IDB Lab, the innovation and venture laboratory of the Inter-American Development Bank (IDB) Group, will lend $2 million from the IDB’s Social Entrepreneurship Program through a loan to the Ecuadorian company DoctorOne to help it reach more underserved communities and improve access to quality healthcare. Telemedicine is a useful digital solution to narrow access gaps in health services, especially in remote areas. It can also shorten waiting times and reduce unnecessary visits to hospitals and clinics. This loan will support the expansion of DoctorOne's telemedicine services to more rural and

The Inter-American Development Bank (IDB) Group today launched FINLAC at an event at IDB headquarters in Washington, D.C., a new initiative to promote financial inclusion by ensuring that the most vulnerable people in Latin America and the Caribbean can access the financial services they need. FINLAC , a joint effort by the IDB, IDB Invest and IDB Lab, serves as a one-stop shop for advancing financial inclusion, supporting governments, accompanying firms, and igniting innovation in developing and implementing effective policies, reforms and business practices to create inclusive financial

PUNTA CANA, Dominican Republic – The Boards of Governors of the Inter-American Development Bank (IDB) and IDB Invest approved three transformative changes to increase the impact and scale of the IDB Group’s development work in Latin America and the Caribbean, including a new Institutional Strategy and a $3.5 billion capital increase to support a new business model for IDB Invest, the Group’s private-sector arm.