To address the region’s most pressing climate change needs, the IDB is finalizing a new climate change strategy, which is expected to be approved in March.

The draft strategy proposes the following five strategic lines of activity to respond effectively to the growing demand for climate change action and development of sustainable energy:

• strengthen the Bank’s knowledge base
• strengthen institutions and private and public sector capacity
• develop instruments to mainstream climate change mitigation and increase resilience of Bank-funded projects
• identify and develop lending and technical assistance for climate action in key sectors
• scale up investments, address financial gaps and leverage private sector investments.

In addition, the Bank focuses on the following sectors:

• Land use, land use change and forestry (LULUCF)
• Agriculture and livestock
• Water resource management and sanitation
• Sustainable energy
• Sustainable urban transport
• Integrated urban development and climate-resilient cities