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http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/ed4b3e365e IN THE SPOTLIGHT
INSPIRING INNOVATION

NEWS DIGEST
WHERE WE'VE BEEN
QUARTERLY
NEWSLETTER – OFFICE OF OUTREACH & PARTNERSHIPS
Mid-October through Mid-December, 2017
www.iadb.org/partnerships -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/532b262304

With the UK, Filling the Sustainable Infrastructure Gap with
US$240 Million Blended Finance Program
The Inter-American
Development Bank (IDB) Group and the Department for Business, Energy
and Industrial Strategy of the UK (BEIS) have launched the UK
Sustainable Infrastructure Program (SIP), which will accelerate
infrastructure development by catalyzing private investment.
Announced during the COP 23 climate conference, BEIS’s initial
contribution of nearly US$240 million makes this program the largest
IDB-UK effort in the Latin American and Caribbean (LAC) region. In a
recent article -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/a427e8f603 , the Program was featured as an example of the potential of blended
finance.

Read more -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/f58b3a403e
New ECD Innovation Fund Seeks to Improve the Lives of Children -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/83947feac3

To foster early childhood development (ECD) and improve outcomes for
children aged 0-5 in LAC, the IDB has launched the ECD Innovation
Fund – a partnership with FEMSA Foundation and Open Society
Foundations at a regional level and with FundaÇÃo Maria Cecilia
Souto Vidigal (FMCSV) in Brazil. Each partner will initially
contribute US$1 million, expecting to channel more than US$10
million over the next three years to innovative solutions and
knowledge exchange.

Read more -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/1c1c28ec04

With France, Mobilizing US$270 Million and Breaking New Ground in
Climate

A highlight of the IDB’s work in 2017 was the strengthening of its
relationship with the Government of France and Proparco, the latter
of which signed a co-financing framework agreement that will
facilitate future endeavors. The partners actively co-financed
projects throughout the year, allowing the IDB to leverage US$270
million in loans from the French Development Agency (AFD) for water
and sanitation, energy transition, and environmental management. AFD
also helped to create the single-donor French Climate Fund for LAC,
which will focus on fighting climate change and building resilience
in the region.

PepsiCo and the IDB Team Up to Empower Leaders and Improve Water
Resource Management

The IDB, PepsiCo, and the PepsiCo Foundation expanded their
collaboration as part as their “From Source to Home” program
through the creation of the Hydro-BID Support Center, which will help
LAC countries develop their capacity to plan for and manage changes
in water availability. Backed by a US$3 million grant from the
PepsiCo Foundation, the Center will build upon the results obtained
from applying Hydro-BID under the auspices of the AquaFund, an IDB-
multi-donor fund supported by PepsiCo Foundation and the Governments
of Austria, Spain, and Switzerland.

Read more -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/f9ffe15440

IDB Group’s Private Sector Arm Rebrands as IDB Invest

At the Council of the Americas Symposium and BRAVO Business Awards
event, before an audience of hundreds of public and private sector
leaders from across the Americas, the IDB Group unveiled IDB Invest,
its rebranded private sector arm. Formerly known as the
Inter-American Investment Corporation, the decision to rebrand
follows the IDB Group’s expanding private sector focus.

Read more -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/e15663ebef

Celebrating the Most Sustainable Global Companies and in LAC through
IndexAmericas

IndexAmericas—an index that recognizes companies for their
commitment to environmental, social, and corporate governance (ESG)
performance and development—has new results, listing the 100 most
sustainable global companies and the 30 most sustainable
multi-latinas. Created by the IDB and IDB Invest in partnership with
S-Network Global Indexes and Florida International University,
IndexAmericas is powered by Thomson Reuters data. The index’s most
recent endeavor is a partnership with -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/ae31cc77e3 Bolsas y Mercados Argentinos (BYMA), the Argentine stock exchange, in
which the same methodology will be applied to Argentina’s unique
context. IndexAmericas was recently highlighted by the IDB’s
Manager of Outreach and Partnerships at the Responsible Investor
event in New York.

Read more -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/5f61303904

The Real Madrid Foundation and the IDB Get to Work in Costa Rica

Believers in the power of sports as a vehicle for development, this
November the Real Madrid Foundation, the Universidad Latina de Costa
Rica, and the IDB inaugurated a social sports school in Costa Rica.
Following a partnership agreement signed with the Real Madrid
Foundation in June, this school is the second in Costa Rica and will
help to reach a total of 225 children.

Strong Partnership with European Commission Leverages EUR 64.3
Million in 2017

A EUR 8 million grant from the European Commission (EC) was approved
earlier this Fall for the Energy Management and Efficiency Program,
complementing an IDB loan of US$15 million and a loan of
US$15 million from the Japan International Cooperation Agency
aimed at improving energy efficiency in government facilities and
promote fuel conservation in Jamaica. These funds are part of the EUR
64.3 million in grants leveraged by the IDB through its strong
partnership with the EC this year.

Key Partners Solidify their Support of the Colombia Sostenible
Multi-donor Fund

The first round of funding for the Colombia Sostenible Multi-donor
Fund -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/107f923ebe has been secured, thanks to the Fund’s new partners the Governments
of Norway, Sweden, and Switzerland. The partners will help the IDB to
continue building up a pipeline of projects to systematically address
rural development, climate change, environmental sustainability, and
social inequality in areas characterized by armed conflict.

Giving Smallholder Farmers a Hand with the Global Agriculture and
Food Security Program

Through its renewed partnership with the IDB, the Global Agriculture
and Food Security Program (GAFSP) committed US$10 million to
finance the Agricultural and Agroforestry Technological Innovation
Program. Complementing a US$55 million IDB grant, GAFSP’s
support will help to boost agricultural income and food security for
smallholder farmers in selected areas of Haiti.

Airbnb and the IDB Join Forces in LAC

Seeking to promote sustainable development, Airbnb and the IDB
formalized a new partnership that will study the impact of home
sharing in the region, exchanging Airbnb data and information on
travel trends across LAC. Specifically, the partnership intends to
promote sustainable tourism and the digital economy, while exploring
applications of the shared economy that can benefit communities.

Read more -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/2d2d0ab99f

Conservation International and the IDB Solidify Ties to Protect
LAC’s Environment
From left to right: Fabio Arjona, Executive
Director at Conservation International; Juan Pablo Bonilla, Manager
of the IDB's Climate Change and Sustainable Development Sector;
Sebastian Troëng, Executive Vice President of Field Delivery at
Conservation International; and Bernardo Guillamon, Manager of the
IDB’s Office Outreach & Partnerships.

A partnership agreement signed this December has formalized ties
between Conservation International and the IDB. The partners will
seek to work in Bolivia, Brazil, Colombia, Ecuador, Guyana, Panama,
Suriname, and other countries in topics related to biodiversity,
climate change, coastal restoration, infrastructure and energy,
knowledge and learning, among others.

Boosting Youth Employment through Partnerships
From left to
right: Claudio Muruzabal, President of SAP LAC; Bernardo Guillamon,
Manager of the IDB’s Office Outreach & Partnerships; Leonardo
Martellotto, President of Junior Achievement Americas; and Luciano
Macagno, Executive Director of Delta Airlines LAC.

The IDB joined forces with Junior Achievement Americas (of which
Delta Airlines is also a partner) and SAP to launch EmpleaTECH, a
partnership that will foster innovation and the inclusion of youth in
the labor market. Announced at the Council of the Americas Symposium
and 23rd Bravo Business Awards in Miami, the partners will begin
working in the Dominican Republic, El Salvador, and Guatemala, using
an initial contribution of US$3 million to train 2,400 young people
over the next three years.

Revitalizing a Historic Partnership with Italy

The IDB Group and the Government of Italy have revitalized their
historic partnership. In October, a co-financing agreement -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/57b9b2dac7 was signed with Cassa depositi e Prestiti (CDP) to identify and
finance business opportunities for Italian companies in LAC. In
addition, the Italian government committed US$5 million to the
Sustainable Energy Facility for the Eastern Caribbean, which seeks to
reduce the dependency of countries on imported fossil fuels through
energy efficiency and renewable energy.

Switzerland and the IDB Reaffirm their Commitment to a Safer LAC

A partnership agreement signed by the Swiss Agency for Development
and Cooperation and the IDB has reaffirmed the partners’
longstanding commitment to citizen security. Channeling a Swiss
commitment of CHF10 million to the region, the partnership will use
technical assistance and knowledge exchange to improve citizen
security, justice, and violence prevention programs in Honduras.

Teaming Up with the World Economic Forum to Capitalize on the Fourth
Industrial Revolution

The IDB has expanded ties with the World Economic Forum (WEF) by
formalizing its membership in WEF’s Center for the Fourth
Industrial Revolution in San Francisco. The partners seek to
co-design and pilot policy frameworks to maximize the benefits and
address the challenges brought about by the Fourth Industrial
Revolution.

Read more -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/cb26850952

Bloomberg Family Foundation and the IDB Forge New Ties

A collaboration between the Bloomberg Family Foundation and the IDB
was formalized in a new partnership agreement this winter. The
partners have pledged to work together, through a US$500,000
grant, on an effort to fill information gaps regarding the impact of
public policy on tobacco consumption.

FONTAGRO Identifies Innovative Solutions to Build Climate Resilience
and Adaptation in LAC

FONTAGRO, an IDB-managed cooperation mechanism that promotes
innovation in agriculture, reviewed 2010 proposals and selected four
winning projects following its 2017 Call for Proposals. FONTAGRO will
provide US$1.2 million in funding and project proponents will
invest more than $3.44 million as matching funds. This year
FONTAGRO also elected a new Executive Secretary, Dr. Eugenia Saini.

Read more -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/cd2f1ced1d

IDB Group Strengthens Cooperation on Use of Blended Finance

The IDB Group teamed up with more than 20 development finance
institutions (DFIs) to enhance a set of principles on blended
concessional finance, globally considered an essential vehicle for
financing the Sustainable Development Goals through increased private
capital investment. The principles, first published in 2013, have
been enhanced with more detailed guidelines.

Read more -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/01f411038c

Japan and the IDB Team Up to Improve Ecuador’s Energy Matrix

Thanks to the partnership between Japan and the IDB, a new loan will
help Ecuador advance its energy matrix transmission program by
expanding and strengthening the electrical system’s operational
efficiency. A US$150 million IDB loan will be complemented by an
additional US$70 million from the Japan International Cooperation
Agency through the Co-financing for Renewable Energy and Energy
Efficiency (CORE) Program.

Read more -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/a69d18f3a0

In Partnership with the Alas Foundation, IDB Awards Pioneers in Early
Childhood Development

Upon reviewing 1,200-plus nominations from 21 countries, the winners
of the 2017 BID-ALAS Awards were selected in the categories of Best
Children’s Book, Best Teacher, Best ECD Care Center, and Best
Innovation. Organized with the Alas Foundation led by the renowned
singer Shakira, the last award was presented by FEMSA Foundation, a
key IDB partner in this topic.

Read more -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/4baea6833b

11th China-LAC Business Summit Further Strengthens Commercial Ties

The 11th China-LAC business Summit, co-organized by Uruguay XXI
Investment and Export Promotion Agency, the China Council for the
Promotion of International Trade (CCPIT), and the IDB, was held in
Uruguay. The Summit, one of the largest of its kind in the region,
attracted more than 2,400 participants from China and LAC to explore
opportunities related to China’s Belt and Road Initiative, with a
focus on renewable energy, transport, and agribusiness, the latter of
which is of particular importance in Uruguay.

IDB Highlights Corporate Sustainability and Rebranded Private Sector
Arm

The IDB again joined forces with Council of the Americas to
coordinate the Council of the Americas Symposium and the 23rd Bravo
Business Awards. IDB leaders joined more than 400 CEOs and high-level
decision makers from governments and NGOs for this annual discussion
of the key issues transforming the Americas. At the event, the IDB
presented its IndexAmericas initiative, discussing the importance of
corporate sustainability in the region, and unveiled its rebranded
private sector arm IDB Invest.

High-Level Mission to Tokyo Further Solidifies the IDB-Japan
Relationship

Earlier this Fall President Luis Alberto Moreno of the IDB Group
traveled to Tokyo, strengthening ties with the Government of Japan by
participating in meetings with Japan’s Deputy Prime Minister,
business leaders, academic leaders, government officials, and the
heads of key IDB partners the Japan International Cooperation Agency
and the Japan Bank for International Cooperation.

Annual Donor Meeting in Frankfurt Provides Updates on the US$47
Million SECCI Fund

The 2017 Sustainable Energy and Climate Change Fund (SECCI) Donor
Meeting was hosted in Frankfurt this November by IDB partner KfW
Development Bank. Partners Austria, Finland, Germany, Japan, the
Nordic Development Fund, Spain, and Switzerland gathered to discuss
the Fund’s progress and to define priorities for 2018. An important
focus of the meeting was the evolution of SECCI in the context of the
IDB’s renewed mandate for climate change and its role as a catalyst
for private sector climate action.

Recruiting Top Talent in Asia

With an eye to creating a diverse workforce and expanding ties with
its Asian member countries, the IDB Group traveled to China and Japan
this fall to promote career opportunities. In China, the IDB visited
top institutions including Fudan University, Peking University,
Tsinghua University, the University of International Business and
Economics in Beijing, and the Shanghai University of Finance and
Economics, with which the IDB has a strong partnership. In Japan,
career seminars were held at the University of Tokyo, the University
of Keio, Waseda University, and Sophia University, with whom the IDB
has an ongoing partnership as well.

FONTAGRO Contributes to National Inventories on Greenhouse Gases

FONTAGRO’s lead researchers presented five of the 77 papers
featured at the III Conference on Greenhouse Gas Emissions (GHG) in
Animal Production Systems of Latin America. Held in Montevideo, the
specialists provided an overview of Latin American GHG projects
co-financed by FONTAGRO and highlighted how they are effectively
reducing GHGs in Central America, Colombia, Uruguay, and beyond.

Read more -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/494d0dd4c4

Strengthening the IDB-Korea Partnership at the Annual Consultation
Meeting

To continue strengthening its partnership with the Government of
Korea, the IDB held its Annual Consultation Meeting with Korea’s
major ministries and institutions. In this setting, a partnership
agreement was formalized with Korea Development Institute to pave the
way for further cooperation on public-private partnerships, while
another agreement reaffirmed the IDB-Korea Research Institute for
Human Settlements relationship.

With Chinese Partners, Promoting Trade Across the Pacific

In Beijing, the IDB and the People’s Bank of China (PBC)
co-organized the “Routes to Growth in a New Trade World” seminar.
Antoni Estevadeordal, Manager of the IDB’s Integration Sector,
discussed trends in global development, LAC’s response to the
global macroeconomic situation, and the new trade environment to
organizations including IDB partners the PBC, the China-LAC
Industrial Cooperation Investment Fund, the Chinese Academy of Social
Sciences, as well as the China-LAC Cooperation Fund.

Boosting Commercial Opportunities at LAC Flavors Argentina

In Buenos Aires this November more than 560 food exporting companies
from LAC met with 120 international buyers from five continents at
LAC Flavors 2017, where they closed transactions valued at US$152
million. This ninth edition of LAC Flavors was organized by the IDB
in partnership with the Argentine Investment and Trade Promotion
Agency, the Ministry of Agribusiness of Argentina, and the
ExponenciAR Group (ClarÍn and La NaciÓn), in addition to 24 other
export promotion agencies.

Read more -
http://cts.vresp.com/c/?TheInterAmericanDeve/ef08ddbd69/60edebaf74/c34c69c0b2

Putting the Pacific Alliance in Perspective in Japan

The IDB’s Office in Asia co-organized two seminars in Tokyo and
Fukuoka titled “The Pacific Alliance (PA) in Perspective.”
Coordinated in partnership with PA embassies, ProChile, ProColombia,
ProMexico, MINCETUR-Peru, the Japan External Trade Organization, and
the law firm Baker McKenzie, the events discussed such topics as the
PA’s regulatory framework, access to markets, and liberalization
policies for goods.

Inter-American Development Bank
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