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 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.
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 hosts conference on the Caribbean’s Energy Future to discuss the fiscal crisis confronting the Caribbean states and energy costs. Dec 5, 2013
IDB approved a $30 million loan that will increase and improve access to electricity in rural and marginal urban zones in Ecuador. Nov 22, 2013
- Colombia. Analysis and recommendations for a Smart Grid in Colombia.
- Regional. Enhanced Energy Dossiers: Energy Trade & Institutional Indicators.
- Nicaragua. Program to Strengthen the Electricity Sector in Nicaragua. Nov 13, 2013
- Brazil. Support the Implementation of the Restructuring Organizational Furnas. Nov 1, 2013
- Guyana. Supporting Technical Training in Extractive Industries in Guyana. Oct 30, 2013
- Regional. Energy Innovation Contest - IDEAS Program Phase II. Sep 3, 2013
- Your Source of Sustainable Energy (2:11)
- Making Sense of Ethanol (3:39)