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.
IDB and Finance Ministers are meeting in the XXVIII Meeting of Governors of the Central American and Dominican Republic in Panama. Feb 26, 2014
The Inter-American Development Bank and Novozymes to support the development of sustainable bioenergy solutions
IDB and Novozymes to develop sustainable bioenergy solutions in LAC as part of SE4ALL. Feb 24, 2014
- Guyana. Power Utility Upgrade Program.
- Colombia. Analysis, assessment and recommendations for the successful implementation of a. Dec 18, 2013
- Regional. Analysis, evaluation and recommendations to promote and develop interconnection. Dec 6, 2013
- Regional. Enhanced Energy Dossiers: Energy Trade & Institutional Indicators. Dec 6, 2013
- Uruguay. Support for the Development of LNG in Uruguay. Dec 6, 2013
- Nicaragua. Program to Strengthen the Electricity Sector in Nicaragua. Nov 13, 2013
- Your Source of Sustainable Energy (2:11)
- Making Sense of Ethanol (3:39)