The Inter-American Development Bank and other international financial institutions (IFIs) are for the first time launching a joint video campaign, Investing for a Greener World, to showcase their role in facilitating climate change solutions ahead of COP27.
The group of IFIs includes the African Development Bank (AfDB), Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), Black Sea Trade and Development Bank (BSTDB), Caribbean Development Bank (CDB), Council of Europe Development Bank (CEB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB), Islamic Development Bank (IsDB), New Development Bank (NDB), the Nordic Investment Bank (NIB) and the World Bank Group (WBG).
The joint video aims to raise awareness of the impact of the IFIs’ climate action work through the personal stories of beneficiaries from Saint Lucia to the Philippines, Romania, and Uganda.
Together, the participating institutions have a global reach across Africa, Asia and the Pacific, Europe, and the Americas. Cumulatively, they invest billions each year in climate change mitigation and adaptation programs, providing a collective green response that is fast and transformative. This adds crucial firepower to tackling global warming and extreme weather wherever it occurs. Their combined impact drastically cuts CO2 emissions, promotes awareness about climate solutions, and benefits millions of people. Inter-American Development Bank President a.i. Reina Irene Mejía has said: “IFIs’ collaboration plays a pivotal role in helping regions like Latin America and the Caribbean bring solutions and accelerate the transition to net-zero and climate-resilient economies.”
As strong allies for low-carbon pathways, the IFIs help the countries in which they invest to seize the economic and social opportunities offered by the transition to a greener world. As investors and partners, they catalyze private sector mobilization and facilitate policy reforms conducive to greener practices. They also cooperate across regions to enable an exchange of knowledge and to deliver projects in response to the varied development needs of the economies in which they operate. To embed the video in your media, please use this link.
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.