News of bank

New IDB boss Claver-Carone says he'll work for all of Latin America

15-09-2020 12:40 Mauricio Claver-Carone has been voted the new president of the Inter-American Development bank, making him the first non-Latin American head of the institution.

Trump advisor elected new head of Inter-American Development Bank

13-09-2020 08:48 Mauricio Claver-Carone elected president of Inter-American Development Bank in vote, ending decades of Latin American leadership at institution.

Ex-Costa Rica president Laura Chinchilla pitches IDB top job candidacy

03-09-2020 11:56 Laura Chinchilla, former president of Costa Rica, is considered a long-shot in the race to head the Inter-American Development Bank, but is positioning herself as a moderate alternative to US President Donald Trump's nomination, Mauricio Claver-Carone.

Latin American leaders accuse Trump of "imposing" his IDB candidate

27-08-2020 18:21 Leaders from Latin America and Spain have accused Donald Trump of seeking to "impose" his candidate to head the Inter-American Development.

Siding with Trump, 17 nations reject delay to vote on IDB chief

18-08-2020 23:29 Seventeen nations – including Brazil, Colombia, Ecuador and Bolivia – release letter rejecting attempts to delay vote on next chief of Inter-American Development Bank, complicating Argentina's hopes for their own candidate.

Fernández hints at changes to US$200 greenback purchase quota

16-08-2020 08:01 Peronist leader says Argentina is facing high demand "from small savers," with knock-on effect for country reserves. Central Bank officials, however, say no changes are planned.

Trump hits wall with bid to place ally at Inter-American Development Bank

09-08-2020 08:08 Mexico wants to delay election of a new chief for the Inter-American Development Bank, amid controversy over US President Donald Trump’s push to have a close ally at the helm of the institution.

Debt deal – more relief than belief

08-08-2020 09:22 The quality of this haircut falling on interest rates way above recent levels rather than capital deserves praise, as does abandonment of the absurd three-year grace period exempting this administration from any payment.

Argentina asks for help as Saudi hosts G20 virtual talks on virus recovery, debt crisis

18-07-2020 07:00 Foreign Minister Felipe Solá says he will urge the G20 to set up a global "solidarity-based fund" to address the increase in poverty in virus-battered countries.

Pandemic to deliver 'unprecedented' blow to tourism in Latin America, Caribbean

02-07-2020 03:21 Coronavirus pandemic to deliver "unprecedented blow" to tourism in Latin America and the Caribbean, the Inter-American Development Bank warns.

Chile's Central Bank predicts worst GDP fall in 35 years

17-06-2020 15:32 Central Bank revises GDP projections, predicting a fall of 5.5% to 7.5% in 2020, due to the effects of the coronavirus pandemic.

Testing tradition, Trump taps senior adviser to lead Latin bank

16-06-2020 23:00 Trump's hand-picked candidate, Mauricio Claver-Carone, looks likely to go head-to-head with Gustavo Beliz for the role, as US breaks with tradition of choosing a Latin American to lead the Inter-American Development Bank.

Dominique Strauss-Kahn: ‘Argentina has the cards to renegotiate its debt’

23-05-2020 09:45 French politician Dominique Strauss-Kahn, a former managing director of the International Monetary Fund, gives his view on Argentina’s debt restructuring talks, the Fund’s leadership and wealth taxes.

by Jorge Fontevecchia

Bank of America says Latin America’s economy to crash 6.8% this year

15-05-2020 15:55 Bank of America Corp expects Latin America’s economy to slump by 6.8 percent this year and warned that plans to reopen businesses are unlikely to go smoothly as new cases continue to soar.

I'm a small business owner in the US – will I get a coronavirus bailout too?

01-05-2020 12:16 The US government’s US$350-billion loan fund has run dry – yet many big businesses have been awarded millions.

by * Reprinted with kind permission from the author.

Without access to credit, Argentina turns to its Central Bank

21-04-2020 14:27 Money supply is increasing as Argentina grapples with the economic consequences of the coronavirus pandemic, stoking inflation fears and increasing the likelihood of a default next month.

IDB: Latin America’s GDP could slump by 5.5% this year

11-04-2020 09:50 Argentina’s economy will shrink between five and seven percent, according to predictions, compared to projections of a 1.5% drop before the Covid-19 outbreak.

Monetary stimulus goes straight back to Central Bank

08-04-2020 16:28 Money Central Bank is pumping into the moribund economy to provide cheap credit is finding its way straight back to its own coffers. Monetary base has increased by 619 billion pesos, or 34%, in the past 30 days.

European Central Bank fires off stimulus to counter virus 'shock'

12-03-2020 12:38 European Central Bank chief Christine Lagarde warns coronavirus will deliver a "major shock" to global economy that requires urgent, coordinated action.

Government hires banking veterans for debt talks

10-03-2020 21:45 Three experienced Latin American bankers from HSBC Holdings Plc, Citigroup Inc. and Bank of America Corp. will lead the restructuring of more than US$76 billion of debt owed to global investors by Argentina and the province of Buenos Aires.