IDB ramps up financing for green projects in Latin America and the Caribbean

March 16, 2012
Participate in Twitter using #IDBmtg Bank approved record $736 million in loans last year for private sector projects in renewable energy and energy efficiency The Inter-American Development Bank (IDB) is ramping up lending for private sector projects related to renewable energy and energy efficiency to help bridge the gap for long-term financing for green investments in Latin America and the Caribbean.

IDB backs large infrastructure and natural resource projects in Latin America and the Caribbean

March 25, 2011
$5.4 billion in financing mobilized in the past four years for the region The Inter-American Development Bank (IDB) has provided $2.6 billion in loans to finance key private sector infrastructure and natural resource projects in Latin America and the Caribbean over the past four years and it has mobilized another $2.8 billion in financing for the region through its syndication program.

Mesoamerica renews push towards integration

October 25, 2010
The presidents of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Mexico, Colombia and the Dominican Republic will meet tomorrow, Oct. 26, in Cartagena, Colombia at the XII Summit of the Tuxtla Mechanism for Dialogue and Coordination. The heads of state will be informed of the progress made by the Mesoamerica Project in terms of regional integration and will decide further courses of action.

The invisible force propelling green energy

March 16, 2010
Whether it’s a new kind of solar panel or a biochemical process that turns algae into fuel, breakthroughs in renewable energy are often portrayed as a triumph of technology and innovation. But when it comes to actually building a large scale renewable energy project, the most critical ingredient is an unglamorous service that has been around for centuries. Loans or bonds with long maturities—meaning that they can be paid back in five years or more—are crucial for the success of start-up companies and infrastructure projects in general.

Mesoamerica Advances

July 29, 2009
The regional integration initiative known as Proyecto Mesoamérica is gaining momentum. It was a central item on the agenda of the XI Cumbre de Tuxla (an annual summit of regional heads of state), which concluded in Costa Rica today. Last week news reports focused on a proposed multimodal transportation strategy to improve the region’s competitiveness. And last June, the IDB announced the second phase of a project known as Tránsito Internacional de Mercancía, which will introduce a unified customs system for use on the borders of all Mesoamerican countries.

The IDB, a partner of Colombia in development

March 17, 2009
Since the mid-1990s the Inter-American Development Bank (IDB) has been the leading source of multilateral financing for Colombia. Over the last 50 years, the IDB has approved more than US$14.8 billion in loans and non-refundable technical cooperation projects for Colombia. Throughout its history, the IDB has supported the Colombian government and private sector in key development areas such as infrastructure, state modernization and reform, small and medium enterprise, agriculture, energy, climate change and environmental protection.

A biodiesel odyssey

August 01, 2007
Some people travel in order to find themselves. Others travel to find sources of clean, renewable fuels. Last April, exactly 50 years after Jack Kerouac published “On the road,” one of the defining novels of the Beat Generation, a group of young professionals gathered in Washington, D.C., to embark on a very different kind of road trip.

Fueling the tank with grease

March 30, 2007
From the corridors of prestigious universities, government bureaus and her hard-working desk at the Worldwatch Institute, bioenergy researcher Suzanne Hunt is having a break from the hectic institutional setting to hit the road and drive 4,500 miles on grease power from the USA to Mexico, Guatemala, Honduras, Nicaragua and Costa Rica.

Grasping climate change challenges

March 12, 2007
A recent climate change initiative approved by the IDB amid increasing signs of the adverse impacts and costs of climate change provides a favorable environment to pursue opportunities for making economic growth more "green." Speaking at IDB headquarters, the Executive Secretary of the United Nations’ Framework Convention on Climate Change, Yvo de Boer, called for climate change mitigation and adaptation for developing countries.

Trade in ethanol will benefit the U.S. and Latin America

February 07, 2007
By calling for the United States to use 35 billion gallons of renewable fuels by 2017, President Bush focused attention on a question that has been largely absent from the debate about ethanol, the most widely used biofuel. Namely, should the U.S. go it alone on ethanol?