Energy in Latin America and the Caribbean
Latin America and the Caribbean are rich in energy resources including hydrocarbons, hydroelectricity and biofuels. But this wealth is unevenly distributed. Approximately 34 million people lack access to modern electricity services, and fuel imports consume a growing percentage of smaller countries’ budgets.
The IDB helps member countries expand the coverage and quality of energy services such as electricity and natural gas. The Bank also and finances programs to improve energy efficiency, foster cross-border energy integration, and diversify the energy matrix by sustainably exploiting renewable and non-renewable energy sources.
We finance large-scale wind farms, solar power systems for rural areas, biofuel facilities that co-generate electricity and programs to promote efficient lighting. We are also helping to retrofit hydroelectric facilities with more efficient turbines and ensuring that new dams and natural gas projects meet strict social and environmental standards.
Areas of action
By the numbers
Latin America and the Caribbean could cut their electricity consumption by 10 percent over the next decade by adopting widely available energy-efficient technologies.
Guatemala will expand electricity coverage in rural zones with a $55 million loan with the IDB. Dec 19, 2014
IDB approves a loan US$33 million to strengthen operations of Suriname’s power sector and to upgrade critical infrastructure. Dec 18, 2014
- Regional. Community Light Centers.
- Regional. Support for Cofinancing for Renewable Energy and Energy Efficiency (CORE).
- Suriname. Support for the Power Sector Reform. Dec 16, 2014
- Costa Rica. Corporate Governance ICE/EPM. Aug 1, 2014
- Dominican Republic. Support Modernization Program and Distribution Network Loss Reduction. Jul 9, 2014
- Guyana. Power Utility Upgrade Program. Jun 25, 2014
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