IDB launches new non-reimbursable funding program to mitigate natural disasters

Bahía Blanca was a sample of the destruction capacity of natural disasters. They irreversibly affect families and generate economic losses of difficult recovery. The Buenos Aires mayor, Federico Susbielles, had estimated them at $400 billion. A study by the Inter-American Bank (IDB) revealed that 74 such events hit Latin America in 2024 and caused damages equivalent to US$10 billion.

The Inter-American Development Bank (IDB) promotes the increase of South American connectivity through South Connection, a program co-created by the countries of the region to bring today’s fragmented markets closer together and help attract investment. The President of the Inter-American Development Bank (IDB), Ilan Goldfajn, speaks during the third day of the IDB’s Annual Governors’ Assemblies and IDB Invest 2025 in Santiago, Chile.

Transactions within the region represent only 15% of their countries' total imports and exports. Amid the turbulence on the world map of international trade, with a wave of new tariffs being announced by the American administration of Donald Trump, the Inter-American Development Bank (IDB) will support infrastructure projects that can accelerate the integration of South America. Conexão Sul aims to strengthen intraregional trade, overcoming log…