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
IDB approved a non-refundable financing that will support efficiency and renewable energy schemes in low-cost housing project in Argentina. Jul 30, 2015
International experts to discuss potential future scenarios for water, energy, agriculture, and mining in Latin America
LAC 2025: The water-energy-food-mining nexus will be held on July 6th at the IDB Headquarters in Washington, DC. Jun 30, 2015
- Ecuador. Preparation of the Energy Efficiency National Plan.
- Ecuador. Support Implementation of Initiative to use Solid Waste Electricity Generation.
- Guatemala. Support for the creation of the National Hydrocarbon Agency.
- Regional. Regional Hub for Sustainable Energy for All (SE4ALL) in LAC. Jul 27, 2015
- Regional. Energy Database. Jul 23, 2015
- Ecuador. Support for the Preparation of the National Energy Agenda Ecuador. Jul 9, 2015