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IDB and Red Hat partner to promote development in Latin America and the Caribbean

IDB and Red Hat partner to promote development in Latin America and the Caribbean

Banking & FinanceCaribbeanDigital TransformationTop Stories

The Inter-American Development Bank (IDB) formalized its partnership with Red Hat through an agreement to promote digitization, strengthen value chains and empower women in the region.

Thus, Red Hat joins the Coalition of Private Sector Partners for the Future of Latin America and the Caribbean, a historic alliance led by IDB to mobilize the private sector to advance in sustainable development.

The collaboration between IDB and Red Hat will focus on three key themes: recognition, digitization and strengthening the value chain. It aims for a prosperous future for IDB member countries in the region through collaboration on digitization.

Paulo Bonucci, Senior VP and General Manager, Red Hat Latin America, said: “We continue our efforts in social areas aligning with the bank’s interest and policies in the region. For example, the Digital Transformation of governments brings transparency and efficiency to management and issues such as innovation based on diversity and inclusion. We believe that our experience will impact the region much more with this agreement.”

Mauricio Claver-Carone, President, IDB, said: “The IDB is very excited to welcome Red Hat to the coalition and to collaborate in line with three of the five pillars of Vision 2025, our agenda to promote recovery and development in the region, such as digitalization, strengthening value chains, and empowering women. We are convinced that collaboration with private sector partners like Red Hat is critical to the region’s recovery.”

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