Tag: idb


IDB — Regional Tax Revenues Down

The Inter-American Development Bank (IDB) says tax revenues rose moderately across Latin America and the Caribbean (LAC) in 2019 before declining sharply in 2020 as the COVID-19 pandemic drove down global economic activity. The Washington-based financial institution said revenue statistics in Latin America and the Caribbean this year, shows that the average tax-to-gross domestic product (GDP) ratio in the LAC […]


IDB Sees Economic Shock For Latin America And The Caribbean Due To Downturn In Tourism

A press release report from the Inter-American Development Bank (IDB) indicates that Latin America and the Caribbean will suffer an unprecedented economic shock from a sharp downturn in tourism. The report launches a new global Tourism Dependency Index for countries, including 35 Latin American and Caribbean economies. Using shock simulations applied to activity in the tourism sector, the IDB highlights […]


Tough Times Ahead For Latin America And The Caribbean

The IMF, the World Bank, and the Inter-American Development Bank have predicted tough times ahead for the Caribbean and Latin American countries this year. The IMF says the region is likely to see a 5.2% decline in growth while The World Bank says Gross Domestic Product is expected to be -4.6%. Those forecast to see the worst are Grenada and […]


Jamaica Gets US$100 Million From IDB To Fight NCDs

The Ministry of Health has secured US$100 million in loans from the Inter-American Development Bank (IDB) to put and boost program in place to fight against non-communicable diseases (NCDs). Called the ‘Health Systems Strengthening for the Prevention and Care Management of NCDs Program,’ the initiative aims to improve the health of Jamaica’s population by bolstering policies for the prevention of […]


IDB Member Countries In A Spot Of Bother Over Venezuela

Forty-eight-member countries of the Inter-American Development Bank (IDB) will vote this week on whether to accept a representative from Venezuela’s opposition leader Juan Guaidó to the board of the regional lender. Officials on Friday said the 48-member board of governors will have until March 15 to vote on the issue. It is not clear what would happen to President Nicolas […]


IDB Official Praises Strong Jamaica’s Economic Progress

The Inter-American Development Bank (IDB) says Jamaica continues to make strong economic progress, with the country’s economy poised to generate continued growth. According to the Lead Economist at the organization, Dr. Henry Mooney, the significant strides made by the Government over the last few years have ensured macroeconomic stability and fiscal sustainability and facilitated economic expansion. He was speaking Thursday […]