IDB Boosts Latin American, Caribbean ICT Sector

    Projects to boost information and communication technology in Latin America and the Caribbean like this computer programming training in Trinidad and Tobago will be the target of a USD2 million financing by the Inter-American Development Bank's Multilateral Investment Fund. Photo by: MIF/IDB

    The Inter-American Development Bank has approved USD2 million worth of financing in a bid to boost the development of information and communication technology in Latin America and the Caribbean.

    The financing, which will be drawn from IDB’s Multilateral Investment Fund, will benefit seven projects chosen through MIF’s Program for Innovation in Information and Communications Technology for Electronic Business and the Development of SME.

    The projects are located in Ecuador, El Salvador, Bolivia, Colombia, the Bahamas, Argentina and Trinidad and Tobago. They are expected to benefit more than 8,000 micro, small and medium-sized enterprises.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.