The objectives of Bank activities in this sector are:
In addition to continuing to support electric energy generation, transmission and distribution projects and/or programs, as well as the development of hydrocarbon resources, the Bank will actively promote energy development in the region by means of loans and technical cooperation for technically, socio-economically and financially feasible projects, aimed at:
a) developing alternative sources of energy, especially from renewable resources;
b) reducing and/or replacing the utilization of hydrocarbons in the production of energy;
c) promoting the efficient use of energy;
d) creating and/or strengthening the institutional and technological base of the energy sector; and
e) mobilizing additional resources, either of internal or external origin, required for the implementation of energy projects and/or programs.
Toward these goals, the Bank may participate in, promote or support the following activities:
1. EXPLORATION. To assist in identifying and locating the various sources of energy, both renewable and non-renewable.
2. EVALUATION AND QUANTIFICATION OF RESOURCES. To quantify and evaluate those energy reserves whose development is technically and economically feasible.
3. DEVELOPMENT, PRODUCTION AND PROCESSING. To construct the physical infrastructure and production capacity required for the development, production and processing of energy.
4. TRANSPORTATION, STORAGE AND DISTRIBUTION. To develop the necessary infrastructure to permit the use of energy in urban and rural consumer centers.
5. INSTITUTION STRENGTHENING. To help create or improve the technical, administrative and operational capacity of the institutions that are directly or indirectly concerned with the development, production, supply, utilization and control of energy.
6. TRAINING AND SKILLS DEVELOPMENT. To upgrade the administrative capacity and technological level of the human resources involved in the administration, planning, programming, execution and supervision of energy systems, projects and programs.
7. DEVELOPMENT AND IMPROVEMENT OF THE TECHNOLOGICAL INFRASTRUCTURE. To facilitate the creation or improvement of the technological base necessary for the development, transfer, adaptation, standardization and dissemination of energy technologies.
8. ENERGY UTILIZATION. To bring about improved efficiency in the use of energy in the various sectors of economic activity, eliminating unnecessary consumption and maximizing the final product per unit of energy consumed, in a manner compatible with the socioeconomic objectives.
9. APPLIED RESEARCH. To study the possibilities of utilizing new sources of energy, including research toward adapting energy production procedures which, because of their technological and socioeconomic characteristics, may signify an alternative source of energy for the future of Latin America.
10. ENERGY PLANNING AND POLICY. To establish national and/or regional systems of information on the situation in the energy sector, prepare sectoral studies, and formulate plans and policies for the energy sector.
11. COOPERATION AMONG MEMBER COUNTRIES. To foster cooperation among member countries with a view to: a) joint development and utilization of their energy resources, through the execution of national, bilateral and multilateral projects; and b) establishment of appropriate mechanisms for the transfer and utilization of energy and for the adaption of new technologies for production, utilization and distribution of energy.
* The operational policies of the Inter-American Development Bank are intended to provide operational guidance to staff in assisting the Bank's borrowing member countries. Over the course of the Bank's more than 40 years of operations, the approach to developing operational policies has taken various forms, ranging from the preparation of detailed guidelines to broad statements of principle and intent. Many policies have not been updated since they were originally issued, and a few reflect emphases and approaches of earlier years which have been superseded by specific mandates of the Bank's Governors, the most recent being the Eighth Replenishment mandates of 1994.
In accordance with the Bank's information disclosure policy, the Bank is making all of its operational policies available to the public through the Public Information Center. Users please note that the Bank's operational policies are under a process of continuous review. This review process includes preparation of best practice papers summarizing experience at the Bank and other similar institutions, and sector strategy papers.