News banner image


IDB and SAAB to collaborate on sustainable cities in Latin America and the Caribbean

The Swedish defense and security company and the Inter-American Development Bank will share knowledge and technology to improve quality of life in fast-growing cities

STOCKHOLM, Sweden - Luis Alberto Moreno, President of the Inter-American Development Bank (IDB) and Dan Jangblad, Senior Vice President and Chief Strategy Officer at SAAB, the defense and security company, signed a memorandum of understanding (MoU) to jointly support sustainable development in cities throughout Latin America and the Caribbean.

The IDB and SAAB agreed to explore opportunities to cooperate in Saab’s project for attractive cities, as well as in the IDB’s initiative to support the development of sustainable cities and safe environments in the LAC region. As part of this collaboration, SAAB and the IDB are discussing the possibility of assigning a SAAB specialist to the IDB’s Sustainable Cities team for a year.

The IDB’s Sustainable Cities platform was launched in 2011 to support cities with populations between 100,000 and 2 million people that are growing much faster than the region’s mega-cities. The goal of the initiative is to form alliances with cities that wish to develop long-term strategies for sustainability in environmental, fiscal, and urban management, and to plan for the impacts of climate change.

“Over the past decade, Latin America and the Caribbean has been one of the fastest growing regions in the world,” said IDB President Luis Alberto Moreno. “We have more than 500 cities with populations between 100,000 and two million people, and we need to make sure they develop in a way that is economically, socially and environmentally sustainable. We look forward to exploring areas of coooperation with Saab’s attractive cities project, which taps the company’s technology to contribute to sustainable urban environments in areas experiencing increased population and growth,” Moreno said.

Jangblad added: “Saab views the cooperation with the Inter-American Development Bank very positively, and it fits well into Saab’s strategy to create global partnerships and networks for sustainable development.”

Saab serves the global market with a variety of products and services that range from military defense to civil security and environmental sustainability. The IDB Group, the main development lending institution in Latin America and the Caribbean, supports efforts to reduce poverty and inequality and to bring about development in a sustainable, climate-friendly way.