May 4, 2021
The CSIS Economics Program is tracking commitments and approvals 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 March 31, 2021:
We estimate IFIs have approved $262.4 billion in Covid-19-related support through Q1 2021. In total, the IMF has approved $108.6 billion, including emergency assistance and precautionary lines of credit, while the multilateral development banks (MDBs) have approved a combined $151.9 billion. MDB approvals are led by the European Investment Bank (EIB) and the World Bank, e
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Block.one Joins IDB-Backed LACChain Alliance; Seeks to Deploy Blockchain Solutions for Latin American Pressing Public Sector
Block.one, a U.S.-based blockchain software developer, recently announced it has joined the LACChain, a global alliance led by 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. LACChain reported that since its launch, the global alliance has signed multiple partnerships and collaborations. The ecosystem notably has 40 partners in 12 countries in the Latin American and Caribbean region, a figure that grows week by week.
“ACChain has currently two blockchain networks that apply the LACChain framework: the LACChain Consensys Quorum Network (a.k.a Besu) and the LACChain EOSIO Network, which add up to a total of 78 nodes that have generated more than 21 million blocks and that are being used in 24 projects in different phases of deployment,
Press release content from Business Wire. The AP news staff was not involved in its creation.
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.