BELÉM, Brazil — The Inter-American Development Bank (IDB) and the Central Bank of Brazil have signed a first-of-its-kind agreement to enable up to $3.4 billion in foreign-exchange hedging to help mobilize private investment for sustainable development, starting with Brazil’s Eco Invest Program. Structured under internationally recognized International Swaps and Derivatives Association (ISDA) standards, the agreement creates a dedicated FX Hedging Conduit that allows the IDB to supply long-dated derivatives through the Central Bank, which will then be channeled to Eco Invest beneficiaries via
BELÉM, Brazil — The Inter-American Development Bank Group (IDB Group) and the European Investment Bank Group (EIB Group), on behalf of the Multilateral Development Banks Nature Working Group and in collaboration with the government of Brazil, today launched " Financing Nature: A Practitioner’s Guide to Results Metrics Selection," a new tool to measure nature outcomes and accelerate investment in nature. Tropical countries need $67 billion a year in investment by 2030 to halt forest loss and restore degraded areas. But nature measurement remains fragmented, with over 600 indicators and hundreds
Two technological solutions and a collaboration with Google and the World Meteorological Organization to strengthen regional resilience BELÉM, Brazil —The Inter-American Development Bank Group (IDB Group) launched two tools at COP30 to help Latin American and Caribbean countries assess the risks and costs of disasters with greater precision. RiskMONITOR, a tool developed by the IDB Group, visualizes data on disaster risk and its management and evolution over time across countries. It is based on 20 years of accumulated knowledge and uses specific indicators to assess each country’s level of
BELÉM, Brazil — The Inter-American Development Bank (IDB), CAF – Development Bank of Latin America and the Caribbean, and the Caribbean Development Bank (CDB) launched today at COP30 the Caribbean multi-guarantor debt-for-resilience joint initiative, a landmark regional effort designed to boost disaster preparedness while easing debt pressures across the Caribbean. By leveraging guarantees from multilateral development banks (MDBs) and private-sector actors, the initiative will create fiscal space for countries to invest in priority resilience measures and regional public goods – enabling
BELÉM, Brazil — The Inter-American Development Bank Group (IDB Group) and the French Development Agency Group (AFD Group) announced a partnership to co-finance projects totaling up to $324 million to expand digital connectivity in the Brazilian Amazon. The projects – part of the IDB Group’s Amazonia Forever program and the European Union’s Global Gateway – will install submarine fiber-optic cables in the states of Maranhão and Pará, bringing fast and affordable internet to about 15 million people. The initiative will expand access to online education, telemedicine, and e-commerce. In total
BELÉM, Brazil — The Inter-American Development Bank Group (IDB Group) today announced the Power Transmission Acceleration Platform (PTAP), a new regional effort to help countries in Latin America and the Caribbean expand and modernize their energy grids and close the infrastructure gap. The announcement followed a bilateral meeting between IDB Group President Ilan Goldfajn and State Secretary Jochen Flasbarth of Germany’s Federal Ministry for the Environment, Climate Action, Nature Conservation, and Nuclear Safety. During the meeting, German authorities announced their intention to contribute
Funds will support modernization, expansion, and innovation projects for productive development in the Amazon, Cerrado, Caatinga, and Pantanal regions of the country. BELÉM, Brazil — The Inter-American Development Bank (IDB) and the Brazilian Development Bank (BNDES) signed a letter of intent today to enable $1 billion (approximately 5.3 billion reais) in financing for micro, small, and medium-sized enterprises (MSMEs) operating in four strategic biomes of the country: the Amazon, Cerrado, Caatinga, and Pantanal. The initiative, known as the PRÓ-BIOMAS Program, aims to expand access to
BELÉM, Brazil — The Inter-American Development Bank (IDB), the Brazilian Ministry of Environment and Climate Change, and the Brazilian Development Bank (BNDES) signed a letter of intent to enable a $500 million contribution from the IDB to Brazil’s National Climate Change Fund (FNMC, its Portuguese acronym). The goal is to deepen collaboration among the three institutions to develop a joint initiative for financing projects through FNMC resources. Actions may include financial contributions from the IDB to the FNMC, strengthening the Fund’s capacity to meet Brazil’s growing demand for
BELÉM, Brazil – The Inter-American Development Bank Group (IDB Group) launched “Amazon for All” to expand access to investments in the Amazon region and attract resources for its sustainable and inclusive development. Part of the Bank’s Amazonia Forever program, Amazon for All is a set of investment products developed by financial institutions and aimed at large, private investors as well as the general public. The resources will be directed to projects that promote local livelihoods, strengthen economic resilience, and foster sustainable forest management. “Amazon for All takes an important
Part of the Amazonia Forever program, the guarantee reduces risk and enables large-scale participation by the private sector, promoting the restoration of nearly 10,000 hectares and the creation of 2,000 jobs BELÉM, Brazil — The Inter-American Development Bank (IDB) today at COP30 announced the approval of the first guarantee for forest restoration in the Amazon by a multilateral development bank, and also the first in Brazil. The instrument, valued at $15 million, will support the Triunfo do Xingu Environmental Protection Area in the State of Pará. With a 20-year term, the guarantee will back