Luis Alberto Moreno, the new president of the IDB, is a consummate diplomat. He’ll need those skills as he sets a new agenda for the bank and seeks to satisfy its critics.
Category: Bonds
Posted inDaily Brief
IDB Loans Guatemala $37.5 Million To Connect To Mexico
The Inter-American Development Bank, IDB, has approved a $37.5 million loan to help finance an electricity connection project between Guatemala and Mexico. The total cost of the project from the Guatemalan side is estimated will reach $43.3 million. The loan would cover 87% of these costs.
Posted inDaily Brief
Enrique Iglesias Bids Farewell To IDB
Enrique Iglesias, president of the Inter-American Development Bank (IDB) is retiring after 17 years heading up the organization. Iglesias, former foreign minister of Uruguay and director of CEPAL, was elected president in 1988 and has been reelected every four years since then. Spanish-born Iglesias will be replaced by Colombian diplomat and former minister of economic development, Luis Alberto Moreno, from 1 October.
Posted inDaily Brief
Peru Signs Oil Expo Contract
Peru has signed an oil exploration and production contract with the Peruvian arm of Petro-Tech International of the US. The contract is for 40 years. Petro-Tech plans to invest around $40 million in exploration of the block in northern Peru.
Posted inDaily Brief
Uribe Calls for More Lending
Colombian president, Alvaro Uribe, called upon the president-elect of the Inter-American Development Bank (IDB), Luis Alberto Moreno, to prioritize micro-lending when he assumes the presidency of the IDB. Uribe spoke at a lunch hosted by the Council of the Americas and the Colombian American Association on Friday September 16. Moreno, Colombia’s Ambassador to the United States, who was also in attendance, assumes the presidency of the IDB on October 1. Uribe said Colombia needed “to democratize access to loans”, and added, “I hope the IDB will lead [in] micro lending.” Uribe said expanding credit to the poor will help Colombia defeat violence and terrorism. “The only way to [defeat] hatred is to create a society of inclusion, to democratize loans and expand credit to small and medium enterprises.” He also called upon the many bankers present “to do their job, to expand loans to people.”
Posted inDaily Brief
People
Our Man at the IDBColombia’s ambassador to Washington, Luis Alberto Moreno, won a decisive election victory to take over as president of the Inter-American Development Bank. He soundly beat rivals […]
Posted inMagazine
People Sep 2005
Our Man at the IDB Colombia’s ambassador to Washington, Luis Alberto Moreno, won a decisive election victory to take over as president of the Inter-American Development Bank. He soundly beat […]
Posted inMagazine
Credit Where Credit Is Due
CAF stands to wow investors with improving financial results, its first Samurai bond issue in four years and now Italy seeking to become a member.
Posted inDaily Brief
CAF Approves Loans
The Andean Development Corporation (CAF) has approved a $180 million loan to Bolivia to finance the construction of a highway connecting Bolivia and Brazil. CAF also approved $72 million to finance an upgrade of the Caracas metro system.
Posted inDaily Brief
Ecuador Gets Loan
The Andean Development Corporation (CAF) is set to announce a $126 million loan to Ecuador to improve the country’s road network and support the government’s economic program. Ecuador’s newly appointed Economy Minister Magdalena Barreiro is in CAF’s Caracas headquarters today to sign the agreement.