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Governments and Private Sector Seek to Fix Latin American and Caribbean Housing Shortage

The 2022 Housing Forum brings together top-level housing and urban development officials to close the housing gap in Latin America and the Caribbean

Forty-five percent of people in Latin America and the Caribbean do not have a decent place to live and instead reside in unsuitable housing built with precarious materials or without basic amenities. Brisk migration to cities and the constant formation of new families have outpaced urban housing supply, pushing a significant proportion of the region’s population into outlying areas and informal settlements that are highly vulnerable to climate risks.

In a bid to solve this problem, the IDB Group is holding the 2022 Housing Forum: Resilient solutions to reduce the housing shortage in Latin America and the Caribbean on September 29 and 30. This high-level event will bring together leaders in the housing sector to propose novel ways to tackle this complex issue.

The event will be attended by top-level housing and urban development officials from the region, banking executives, housing contractors, and experts from academic institutions and international bodies such as Harvard University, the Lincoln Institute, and the International Union for Housing Finance.

The Forum will assess the scope of the housing deficit in the region and present cutting-edge financing and subsidy products to address this gap. It will also explore how to motivate the private sector to coordinate with the public and social sectors to provide resilient, low-carbon housing solutions with an emphasis on gender equality and diversity.

The IDB Group supports the region’s public and private housing sector with financing and sustainable and resilient housing solutions. This support aligns with the objectives of climate change adaptation and mitigation that are laid out in its Vision 2025, the bank’s post-pandemic roadmap to reinvigorating the economy and sustainable development in Latin America and the Caribbean.

The media and others interested in this event can sign up here.

About the IDB

The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance, and training to public and private sector clients throughout the region.

About IDB Invest

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $14.8 billion in assets under management and 376 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.

About IDB Lab

IDB Lab is the innovation laboratory of the IDB Group, the main source of financing and knowledge for development to improve lives in Latin America and the Caribbean. The purpose of IDB Lab is to drive innovation for inclusion in the region by mobilizing financing, knowledge, and connections to co-create solutions capable of transforming the lives of groups that are vulnerable due to economic, social, or environmental conditions. Since 1993, IDB Lab has approved more than $2 billion in projects in 26 countries in Latin America and the Caribbean.

Contacts

Funez,Angela

Funez,Angela
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