This Month: The Silver Economy, Caribbean Innovation and Annual Meetings
Inter-American Development Bank
At the Inter-American Development Bank we work to improve lives in Latin America and the Caribbean.
A Development Agenda for the Silver Economy?
The IDB, IDB Invest, IDB Lab, and key international partners plan to develop an agenda to address challenges and opportunities arising from the rapid aging of societies.??
The announcement, made during the first-ever Europe-Latin America and Caribbean Silver Economy Forum in Barcelona, comes as the population of Latin America and the Caribbean is aging at the fastest rate of all world regions.?
The percentage of people over 60 is on track to more than double – from 12% to 25% – by 2050. That will take the size of this demographic group to 195 million people, or one out of four people in the region.??
Save the Date: Our Annual Meetings?
The IDB and IDB Invest will hold the 2025 Annual Meetings of their Boards of Governors in Chile on?March 26-30.??
Economic and financial leaders from the Bank’s 48 member countries and the private sector will address key development challenges and opportunities in Latin America and the Caribbean, including combating poverty and hunger and harnessing innovation to foster growth and sustainability.??
Board discussions will focus on how the IDB and IDB Invest – as the region’s leading sources of development financing, expertise and research – can expand their impact and scale.?
The event will feature a series of public seminars, including on:?
Innovation in the Caribbean?
The IDB has inaugurated its first-ever TechLab in the Caribbean to harness cutting-edge technology as a catalyst for the region's economic and social development.??
领英推荐
Located in Trinidad and Tobago, the hub will primarily experiment with technologies such as generative artificial intelligence, virtual and augmented reality, social robots, and drones. These innovations are crucial for advancing critical areas, such as smart-city solutions and digital inclusion. Read more.?
A new IDB study shows that Caribbean businesses are innovative, but face innumerous hurdles related to macroeconomic conditions, the regulatory environment, access to finance, and labor-market constraints. The highest share of potentially innovative firms was found in the realm of digital innovation, reaching 85.1% of total firms engaged in innovation, the study said. Read more.?
Also this month, the Bank announced a holistic framework to utilize AI to promote sustainable development. Read President Goldfajn’s blog post.
Featured Projects?
IDB loan for the Brazilian Development Bank (BNDES) will expand access to credit for micro, small and medium-sized businesses in the Brazilian Amazon.??
Chile will accelerate capacity building for further internationalization of its global services sector.?
$50 million IDB loan to help address the housing shortage in the country by providing mortgage loans for social housing.?
Fact of the Month?
The value of exports from Latin America and the Caribbean grew by an estimated 4.1% in 2024, recovering from a 1.6% decline in 2023, according to the latest edition of ?Trade Trends Estimates for Latin America and the Caribbean.??
The report attributes the export growth to higher shipment volumes, as prices stagnated. While the trade outlook for Latin America and the Caribbean has improved significantly over the past year, with the region’s exports exiting a contractionary phase, the report cautions that?there are still no signs of sustained growth.?
Renewable Energy | International Business Development | Tender Management | Project Finance E&S Compliance
3 周Interesantes temas. Pero, por qué en Barcelona si enfoca a American Latina y Caribe? Creo que ese mensaje no es adecuado.
Accounting
3 周The private sector is interesting in business because there are many challenges between these companies wanting to safeguard their images and ownership. Their doors often seek the banks to support them in their investments or to have other investment(s). IDB in investment can work and support some of these companies following the budget available for the private sector following rules intern. Auriola Jean Louis
Lic. Organizacion, Mercadeo, capacita, producción y logros
3 周No hablo inglés, si el banco puede darme en crédito para explotar minas. Este es mi correo [email protected]
General Manager EURODISA
3 周I think it is excellent that the IDB is working on initiatives that address the Silver Economy, innovation in the Caribbean, and the organization of the Annual Meetings. Supporting innovation in the Caribbean is essential to boost economic growth and create new opportunities. It is positive that the IDB is supporting initiatives that promote digital transformation and innovation in the region. The Annual Meetings are a crucial platform for collaboration and dialogue between leaders in the region. It is important that these meetings focus on topics relevant to the development of Latin America and the Caribbean, such as sustainability, inclusion, and digital transformation. Overall, I think it is a strategic and timely approach by the IDB to promote inclusive and sustainable development in Latin America and the Caribbean.
Comms Expert,Author, Columnist, Seniors Advocate
3 周This Conference on the Silver Economy is timely. We at CCRP www.ccrponline.com have programmes for seniors that have been well received. We have placed retired members in jobs - they are welcomed as consultants or part-time workers by MSMEs. They embrace lifelong learning and enjoy social activities. We are grateful that over 100 Discount Partners have come onboard to serve them. We also have a listing of care homes that have been registered with the Ministry of Health.