International
IDB plans $11 billion in sustainable financing to support countries facing currency risks
The Inter-American Development Bank (IDB) aims to unlock at least $11 billion in sustainable financing to help countries address challenges including natural disasters that strain their currencies and hinder private sector investment.
As the United States and other wealthier countries reduce official development assistance, multilateral lenders face pressure to find new ways to tackle issues such as climate change and biodiversity loss. During the Fourth International Conference on Financing for Development, IDB President Ilan Goldfajn stated that the measures adopted by the IDB are expected to inspire more private sector contributions, which is a key priority of the conference.
“We are not just announcing ideas; we are launching what the private sector is asking for: credible tools, scalable platforms, and real opportunities to invest with impact and confidence,” he added.
Support will include a new platform designed to help countries manage the risk of large swings in their national currencies that can deter international investors by making returns harder to predict. Based on a program in Brazil that has already attracted $8 billion from the private sector since its launch last year, the plan is to expand the concept to other regional economies over the next three years and at least double the amount mobilized.
Called FX EDGE, the platform will offer a credit line that activates if a currency drops sharply—a common problem during political or debt crises or after natural disasters—ensuring debtors can continue to service their loans in dollars or other foreign currencies.
The platform also aims to enable greater use of long-term currency hedging instruments, such as derivatives, through local banks and financial institutions, backed by the IDB’s credit rating.
International
Trump to decide soon on deportation exemptions for construction and farm workers
U.S. President Donald Trump stated on Tuesday in Florida that he will make a decision in the coming weeks regarding exemptions from deportations for workers in the construction and agriculture sectors.
Trump made these remarks to the media during a visit to the new migrant detention center, ‘Alligator Alcatraz,’ located in the middle of a wetland in Florida, the White House reported.
ICE (Immigration and Customs Enforcement) raids have targeted many of these workers, sparking fear among them and threatening to slow down two sectors that are vital to the U.S. economy.
In construction, 25.7% of workers are immigrants, and 14.1% of the total workforce nationwide is undocumented, according to the American Immigration Council.
In agriculture, the percentage of undocumented employees rises to 42%, according to data from the Department of Agriculture cited by the New York Times.
International
Maduro’s government appeals to Vatican for help rescuing migrant children
Este lunes, durante su programa semanal ‘Con Maduro +’, el mandatario venezolano anunció que pediría al sumo pontífice su ayuda para rescatar a 18 niños migrantes.
“Yo sé que el papa es un hombre que comprende estos temas. Le pido ayuda a la Iglesia católica, apostólica y romana, al papa León, para que la Iglesia católica de Estados Unidos y la Iglesia católica de El Salvador proteja a los migrantes y nos ayude con sus gestiones para rescatar a estos niños y a estas niñas”, indicó Maduro en el espacio transmitido por VTV.
Más temprano, Rodríguez había pedido al alto comisionado de la ONU para los Derechos Humanos, Volker Türk, y al coordinador residente de la ONU en Venezuela, Gianluca Rampolla, pronunciarse sobre este hecho y exigió a Washington devolver a los pequeños.
International
Former argentine president seeks brazilian leader’s visit amid house arrest
Former Argentine president Cristina Fernández hopes that Brazilian President Luiz Inácio Lula da Silva, her longtime ally in the region, will visit her at her Buenos Aires apartment, where she is serving house arrest for corruption. The final decision rests with the court that sentenced her and sets the terms of her six-year confinement.
Alberto Beraldi, Fernández’s lawyer, made the request on Tuesday before the three judges of the Federal Oral Court No. 2 for Lula to visit her, taking advantage of the fact that the leftist leader will be in Buenos Aires from Wednesday afternoon to attend the Mercosur Summit, which will bring together the presidents of Argentina, Brazil, Paraguay, and Uruguay. The regional bloc meeting is scheduled for Wednesday and Thursday.
Fernández, who began serving her six-year sentence in mid-June for a corruption case during her administration, is allowed visits from a group of family members, security police, doctors, and lawyers at her apartment in an old building in the south of the capital. One of the rules she must follow is to request permission for extraordinary visits and justify the reasons.
This is the first such request Fernández has made, and it concerns Lula, with whom she maintained strong political and ideological ties during their respective administrations.
The Brazilian president called Fernández to express his support after Argentina’s Supreme Court upheld the conviction last month, which had been imposed by the federal court in 2022. The Workers’ Party leader said on social media that during the call he told Fernández “how important it is for her to remain strong during these difficult times.”
Lula himself has experienced imprisonment. While confined in a police station in Curitiba in 2019 on corruption charges, he received a visit from then-presidential candidate Alberto Fernández, who later led the government in which the now-convicted Peronist leader served as vice president (2019–2023).
Trump to decide soon on deportation exemptions for construction and farm workers
IDB plans $11 billion in sustainable financing to support countries facing currency risks
Maduro’s government appeals to Vatican for help rescuing migrant children
Tec de Monterrey honors one of its students for his contribution to nanotechnology in medicine
Defense Minister commends salvadoran soldier for Central American Cross Country victory
Extension of the state of emergency approved in southern Chile
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