What Are We Up To?
In 2013, the IDB and its partners worked diligently to promote development and reduce poverty in Latin America and the Caribbean.
Here are a few accomplishments:
- $3.1 billion was mobilized by the IDB through 148 transactions involving 104 partners, composed of 55 private sector entities and 49 public sector organizations.
- $431 million was mobilized in grant financing, while $2.7 billion was in co-financing arrangements.
- A total of 40 new institutional agreements were signed, and the IDB is currently developing portfolio of opportunities with more than 140 public and private sector organizations.
Here are some stories we are really excited about:
- The government of China established a US$2 billion Co-Financing Fund to complement IDB projects in LAC, of which US$196.2 has already been approved for eight initial projects.
- US$28 million in grants were secured for education reform in Haiti from CARE, the Caribbean Development Bank, Finn Church Aid, the Haiti Reconstruction Fund, the Ministry of Foreign Affairs of Finland, and World Central Kitchen.
- The Energy Innovation Center hosted expert secondees from and Abengoa, ENEL Green Power, the Japan International Cooperation Agency, Korea Gas Corporation, the Korean Ministry of Trade, Industry, and Energy, Scottish Development International, and Vestas—an example of partnering through people and bringing quality expertise to the region.
- A US$13.5 million grant was provided by the Nordic Development Fund for climate change projects, including energy efficiency technical assistance and guarantee funds, and the IDEAS Energy Innovation Contest.
- The European Commission contributed US$81 million in grants to projects for infrastructure, citizen security, climate change, renewable energy, and more.
- The PepsiCo Foundation joined Austria and Switzerland as the AquaFund’s first private sector partner, contributing US$5 million to facilitate access to water and sanitation in the region.
- To support Haiti’s reconstruction efforts, a contribution of $3.5 million from The Coca-Cola Company, as well as its juice production and market development expertise, boosted the incomes and crop output of Haiti’s 25,000 mango farmers.
- Caja de Ahorros y Pensiones de Barcelona (la Caixa) became the first private sector partner to support the IDB’s Social Entrepreneurship Program, contributing non-reimbursable funds to target business and rural finance projects.
- The Bill & Melinda Gates Foundation, the Carlos Slim Health Institute (ICSS), the government of Spain, and the IDB work to reduce health equity gaps affecting the extreme poor in Mesoamerica through the $142 million Salud Mesoamérica 2015 Initiative.
- A Sports for Development partnership in Bolivia brought together entities including Baisa, Save the Children and Trilogy International to harness love for sport as a tool for youth development and gender inclusion, providing a Bolivian community a sports center, safe transport, basic water and sanitation, and electricity.
- Microsoft, the IDB’s first private sector partner, joined forces with the IDB to help Haiti deploy a state-of-the-art technology platform to increase efficiency in the use of reconstruction resources.
- The IDB and Food for the Poor joined forces in 2012 to shelter 400 families displaced by the 2010 earthquake in Haiti. Their collaboration resulted in the building of 400-home the Les Orangers housing development, the inauguration of which marked a major milestone in Haiti’s reconstruction.
- The IDB, Fundación FEMSA, the Global Environmental Facility’s Earth Fund and the Nature Conservancy launched a $27 million project to establish water funds in five LAC countries. Part of the Regional Platform for Water Resource Management, these funds will finance the protection of key watersheds and the provision of long-term payments for environmental services.
- Since its establishment in 2009, the IDB’s Sustainable Energy and Climate Change Initiative Trust Fund (SECCI) has brought together public sector donors including Austria, Finland, Germany, Italy, Japan, Spain, and the United Kingdom.