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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


10%


Latin America and the Caribbean could cut their electricity consumption by 10 percent over the next decade by adopting widely available energy-efficient technologies.

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News

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Your Source of Sustainable Energy Making Sense of Ethanol
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    Your Source of Sustainable Energy

    Discover why the IDB is an ideal partner to develop safe and clean energy in Latin America and the Caribbean
  • Your Source of Sustainable Energy (2:11) Video Icon
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    Making Sense of Ethanol

    Brazil leads the clean and sustainable production of ethanol without negative impacts on food production.
  • Making Sense of Ethanol (3:39) Video Icon

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