This Month: IDB Invest's Sustainability Week, Biodiversity Action Plan, Fintech News?

IDB Invest Addresses Sustainability in Manaus??

IDB Invest Sustainability Week 2024 was a landmark event for companies committed to making a positive impact in Latin America and the Caribbean.??

This year, the meeting was held in Manaus from June 11 to 13, with over 900 people attending in person and more than 15,000 people registered?on virtual platforms.???

The event enabled global and regional leaders to forge strategic alliances, generate business, and exchange knowledge for the sustainable development of the region, with a special focus on the Amazon region.??

Read more here??

Embedding Natural Capital in Development??

Did you know that Latin America and the Caribbean are home to seven of the planet's 25 biodiversity hotspots and account for 40% of the world's biodiversity???

With the launch of a new action plan, the IDB Group is incorporating nature and biodiversity more systematically into its operations, to preserve our natural capital and provide economic development opportunities for all inhabitants of the region.??

Among other areas, the plan will coordinate the dialogue that the IDB Group maintains with countries in this area, the preparation and execution of projects, and the creation of knowledge products.??

Read more here??

More than 3,000 Startups Comprise the Fintech Ecosystem?

A new study by the IDB and Finnovista indicates that fintech ventures have grown by 340% over the past six years, representing more than 3,000 startups in Latin America and the Caribbean.??

This growth is due to high demand from financial consumers, the state of digital financial infrastructure, and the availability of a specialized workforce.??

Brazil, Mexico, and Colombia account for 57% of the companies, while Peru, Ecuador, and the Dominican Republic have recorded the highest growth in the last two years.?

Read more here??

Featured Projects?

BID Lab: Boosting the Bioeconomy in the Amazon??

The ReGenerate for the Amazon and Amazon BeEco projects will develop greater bioeconomy training in communities and early-stage businesses.??

?Bolivia: Issuance of the First Gender Bond??

The bond issued by BancoSol, with support from IDB Invest, will finance 4,500 women-led businesses.??

?Brazil: Improving Justice Services??

The program increases access to justice and improves the efficiency of judicial services in the State of Espírito Santo.??

?Brazil: Forest Recovery in the Amazon??

The project promotes public-private partnerships for sustainable subnational management of the rainforest.??

?Honduras: Watershed Development??

The project allows for the adoption of climate-smart technologies and practices for 300 MSMEs in El Cajón and Lake Yojoa.??

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Data of the Month

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A new study by the IDB and Latinobarómetro shows that eight out of ten Latin Americans support the integration of their country with other countries in Latin America, a record number. In the population segments with complete university education, support reaches 87%.??

The study's results are based on more than 19,200 interviews conducted in 2023 with citizens from 17 countries in the region, aiming to reveal their opinions on regional integration, gender, technology, and the environment, among other topics.??

Read more here??