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.
Climatescope 2014 shows clean energy activity surges in developing world. Oct 28, 2014
FSE and the IDEAS program of the IDB announce the 2014 call for proposals fund innovation in sustainable energy technology. Oct 27, 2014
- Regional. Community Light Centers.
- Regional. Support for Cofinancing for Renewable Energy and Energy Efficiency (CORE).
- Suriname. Support for the Power Sector Reform.
- 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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