May 28, 2008 |
With soaring food prices triggering unrest and threatening Latin America's economic progress, the Inter-American Development Bank on Wednesday announced an emergency credit line for countries in the region. The $500-million fund will support projects that improve agricultural productivity, invest in rural areas, improve distribution and strengthen programs designed to improve health and encourage education.
October 19, 2006 |
Central and South Americans working outside their countries will send $60 billion home this year, up 12% from 2005, the Inter-American Development Bank said. The bulk of the money, an estimated $45 billion, is being sent by 12.6 million Latin Americans in the U.S., the organization said in a report based on surveys of immigrants in New York, Los Angeles and Miami.
May 21, 2005
There is a bank in India that sends out ATM machines to roam the countryside, allowing villagers to withdraw some of the cash earned by their relatives in places like the Middle East, Britain and California. It's a modern twist on a venerable tradition. Depending on your village, Wednesday could be cash day at the market.
March 28, 2000 |
U.S. Treasury Secretary Lawrence Summers called on the Inter-American Development Bank to reduce its financing of infrastructure projects in Latin America and take on more education projects. Inadequate education increasingly puts the region at a disadvantage with developed countries, Summers said at the IDB annual meeting in New Orleans.
March 15, 1999 |
Warning that Latin American currencies are ill-equipped to withstand the pressures of the high-speed global economy, the Inter-American Development Bank on Sunday issued a report urging the region to consider linking its currencies to the dollar or replacing them with greenbacks altogether.
February 21, 1997 |
President Clinton's new push to pay $1 billion in U.S. arrears to the United Nations would cover only part of the mushrooming U.S. backlog in payments to various international organizations. Washington owes even more in back dues--a hefty $1.562 billion--to international financial institutions including the World Bank and the three major regional development banks that lend to countries in Asia, Africa and Latin America. Like the U.N.