Latin America and the Caribbean are rich in energy resources including hydrocarbons, hydroelectricity and biofuels. But this wealth is unevenly distributed. Approximately 40 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.