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Are Financial Institutions Ready to Face Climate Risks? This Is What We Found Out
An IDB Invest survey shows they require guidance and a solid legal framework to navigate a complex landscape. Experts recommend focusing on three pillars: governance and culture, implementation and engagement, and transition planning.
Artificial Intelligence for Timely Diagnosis of Tropical Diseases
Climate change accelerates the transmission of infections. Technology can help win this race against time, save costs, and save lives, especially in Amazonia and other vulnerable areas.
Finding a Common Language for Financing the Circular Economy in Peru
Achieving a just transition to the circular economy involves a shift into a new model that leaves no one behind. Although the road ahead is teeming with obstacles, the experience in Peru has jump-started a knowledge-creation process, easing the transition and establishing the first steps.
Holidays 2.0: How Technology is Shaping the Future of Tourism in Latin America and the Caribbean
Latin America and the Caribbean is a region greatly abundant in natural and cultural resources, with a huge potential to become a global benchmark in the tourism industry, driving economic growth and quality job creation in the region. Despite some setbacks, new customer behaviors and, especially, technology breakthroughs have brought about new opportunities for the industry.
Equipment, Training and Queens: Helping Beekeepers in Mexico Boost Climate Resilience
How can we help small beekeepers in Latin America and the Caribbean strengthen productivity and climate resilience? According to a recent IDB Invest evaluation of a pilot program in Mexico, by providing them with a combination of basic inputs and training. But most importantly, queen bees. Through this approach, producers managed to increase honey production, yields, and the number of hives in their colonies and adopted best practices in hive management, boosting resilience to future climate events.
What does it take to address the large climate adaptation financing gap in Latin America and the Caribbean?
The region has a significant adaptation finance and investment gap ranging from $18 to $51 billion annually. Taking action now could reduce the vulnerabilities of businesses, increase the resilience of human and natural systems, and bring several additional benefits.
Manufacturing 4.0: Digital Transformation as a Catalyst to Accelerate Development
Contributing 15.7% to the regional GDP, the manufacturing sector is a fundamental driver for the economies of Latin America and the Caribbean countries. New technologies are radically changing the way of production and becoming critical factors for the sector's competitiveness and resilience in the current market context.
Improving Telecommunications Drives GDP and Productivity
The rapid growth of telecommunications in Latin America and the Caribbean presents both an opportunity and a challenge for a sector capable of significantly contributing to GDP growth and enhancing productivity. However, the sector is constantly evolving, with persistent gaps in access.
Innovation Boosts Productivity, Wages, and Sales in the Caribbean
A recent study by IDB Invest and FinDev Canada analyzes survey data from over 1,000 firms across seven Caribbean countries in 2020, finding that investing in new or improved products, services, processes, methods, or distribution channels drives productivity and financial performance and can also make companies more resilient in the face of crisis.