News
IDB and IDB Invest held their Annual Meetings in the Dominican Republic from 6 to 10 March 2024. During the three initial days, the 48 member countries and other stakeholders engaged in discussions concerning development challenges and opportunities in Latin America and the Caribbean.
In order to promote environmentally sustainable growth in the region, the Central American Bank for Economic Integration (CABEI), the Government of Germany, through the KfW, and the European Union (EU), through the Green MSMEs II Initiative, launched the Regional Contest for Sustainable Mobility, aimed at micro, small and medium-sized enterprises (MSMEs) in Central America with investments that contribute to the reduction of greenhouse gases.
It will make a contribution under the Triple Inclusive Finance Programme (TIF), which reinforces a previous loan granted by FONPRODE.
With the objective of discussing corporate challenges in terms of sustainability policies and projects with social, environmental and economic impact, City of Knowledge (Ciudad del Saber) developed the 'Open Doors Day and Green Business Roundtable: Promoting Sustainability', with the support of the Green MSMEs II Initiative of the Central American Bank for Economic Integration (CABEI), the European Union (EU) and the Government of Germany, through the KfW.
COFIDES will contribute with a technical assistance to the Triple Inclusive Finance (TIF) Program that reinforces a previous loan granted by FONPRODE and which has the financial support of LACIF.
The Colombian city is committed to blue and green infrastructure in order to combat climate change and better cope with its effects through the LAIF City Life project, which receives funding from LACIF.
The DINAMICA II Initiative of the Central American Bank for Economic Integration (CABEI), the Government of Germany, through KfW, and the European Union (EU), supported the implementation of the Advanced Scalability Program for SMEs, facilitated by the Innovation Center of the Fundación Ciudad del Saber (City of Knowledge Foundation), with the aim of generating capabilities, strategies, and tools so that companies can scale, identifying strategic sectors and market segments.
How does LACIF contribute to the reinforcement of health systems in Latin America and the Caribbean?
The Covid-19 crisis demonstrated the crucial role of multilateral institutions on health, prosperity and security at a global scale and the relevance of international partnerships to respond to such an unprecedented global emergency. International cooperation and solidarity is key in building resilience for future pandemics which requires increased research and more investments in healthcare infrastructure, medicine production and institutional capabilities.
The European Union is investing more than EUR 52 million in the country through LACIF, and thus leveraging an investment that exceeds EUR 1 billion.
Government of Dominica signs new agreement for development of geothermal power plant.
LACIF provided EUR 2 million for technical assistance to the Government of the Commonwealth of Dominica. The studies and drillings conducted have demonstrated the high geothermal potential and the construction of a power plant has recently been agreed.
