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
International experts to discuss potential future scenarios for water, energy, agriculture, and mining in Latin America
LAC 2025: The water-energy-food-mining nexus will be held on July 6th at the IDB Headquarters in Washington, DC. Jun 30, 2015
IDB approves $80 million loan to Ecuador for the continuation of its electricity distribution program
IDB program will improve Ecuador’s National Electricity Distribution System, provide better quality, and more reliable electricity services. Jun 24, 2015
- Ecuador. Preparation of the National Energy Agenda.
- Ecuador. Support Implementation of Initiative to use Solid Waste Electricity Generation.
- Regional. Regional Hub for Sustainable Energy for All (SE4ALL) in LAC.
- Ecuador. Program to Stenghten the national electricity distribution system of Ecuadpr II. Jun 24, 2015
- Chile. Support to Chile's Energy Policy Agenda. May 21, 2015
- Barbados. Continuation of Support (SEFB) and Development of New Technologies: SG & RE. May 1, 2015