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Block.one Joins IDB-Backed Alliance to Deploy Blockchain Solutions for Pressing Public Sector Needs in Latin America
February 25, 2021 GMT
WASHINGTON (BUSINESS WIRE) Feb 25, 2021
LACChain, a global alliance led by the innovation laboratory of the Inter-American Development Bank Group (IDB Lab) to accelerate the development of an open and interoperable blockchain ecosystem in Latin America and the Caribbean, has announced today that
Block.one, which specializes in high-performance blockchain software, has joined their alliance. As the developer of EOSIO, Block.one becomes a strategic partner in providing technical expertise, supported by existing infrastructure providers EOS Costa Rica and EOS Argentina, to empower local entrepreneurs and governments using EOSIO to improve economies, supply chains and infrastructure.
Supply chain financing: An effective way for development banks to support small entrepreneurs
Weaving factory in Cambodia, 2018. Photo: Chor Sokunthea / IFC
All businesses need financing either for investment or as working capital for daily operations. Working capital is employed to purchase the input materials for production, to finance inventory, and to bridge the time until customers pay their invoices. That’s why access to suitable instruments to manage working capital requirements is key in global efforts to reduce the finance gap for small and medium-sized enterprises. Due to its unique structure, SCF enables suppliers to larger customers to receive faster payment of invoices raised via a finance facility that is supported by using the strength of the buyer’s business as security for the lender, making it a win-win situation for all parties.
January 25, 2021
The CSIS Economics Program is tracking commitments, approvals, and disbursements by major international financial institutions (IFIs) to meet the massive financing needs generated by the Covid-19 pandemic and its economic fallout. These IFIs include the International Monetary Fund (IMF), World Bank Group, and major regional development banks. We also include select regional financing arrangements (RFAs), which, together with the IFIs, central bank bilateral swap lines, and individual countries’ foreign reserve holdings, comprise the Global Financial Safety Net (GFSN).
Based on data updated through December 31, 2020:
1. We estimate IFIs approved $237.2 billion in Covid-19-related support in 2020. The IMF approved $102.9 billion, including emergency assistance and precautionary lines of credit, while the multilateral development banks (MDBs) approved a combined $132.5 billion. MDB approvals are led by the European Investment Bank (EIB), which approved $39.1 bil
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Each week we round up travel startups that have recently received or announced funding. Please email Senior Travel Tech Editor Sean O Neill at
so@skift.com if you have funding news.
This week, travel startups announced receiving more than $68 million in investment.
Selina, a hospitality startup, has been provided a $35 million mezzanine facility from IDB Invest, a member of the Inter-American Development Bank Group, and a $15 million loan from Blue like an Orange Sustainable Capital.
The investment goal is to support the continuity of the Panama-based company’s expansion plans in Latin America and the Caribbean, the organizations said in a statement.