IDB Renews Accreditation as Green Climate Fund Partner
March 27, 2023
The Inter-American Development Bank (IDB) has renewed its accreditation as a Green Climate Fund (GCF) partner. The accreditation allows the IDB to continue channeling GCF resources to Latin America and the Caribbean (LAC).
Focus on Resilience at IDB Group’s XI Consultation of Caribbean Governors
March 06, 2023
This is first official visit to the Caribbean by the new IDB President Ilan Goldfajn. Three countries move ahead with investments in education, health, digital transformation and resilient infrastructure. PORT-OF-SPAIN, Trinidad and Tobago — The Inter-American Development Bank Group (IDB Group) is holding its XI Annual Consultation with the Governors of the countries comprising its Caribbean Country Department and the President of the Caribbean Development Bank on March 5–7 in Port-of-Spain, Trinidad and Tobago.
IDB and IDB Invest Study Highlights Opportunities for the Circular Economy in Colombia
December 15, 2022
Latin America and the Caribbean’s financial systems must look at the circular economy not just as a product but also as a systemic approach, to take advantage of its full potential, according to the latest study Financing the Circular Economy: The Colombian Experience, published by the Inter-American Development Bank and IDB Invest, in collaboration with Bancolombia, Banco de Bogotá and Bancóldex.
IDB to Support the Region in Implementing the New Global Biodiversity Framework
December 13, 2022
IDB ATTENDS COP15 AS THE LEADING MDB FOR NATURE-BASED SOLUTIONS IN LATIN AMERICA AND THE CARIBBEAN The Inter-American Development Bank (IDB) is committed to increasing its nature-positive finance and will continue its process to develop a green finance target. The IDB will also continue leading work with other multilateral development banks (MDBs) to develop a commonly agreed definition of nature-positive finance and a tracking methodology for the second quarter of 2023.
Ilan Goldfajn Elected IDB President
November 20, 2022
(Updated to add the starting date) Ilan Goldfajn was elected president of the Inter-American Development Bank (IDB) today during a Special Meeting of the Bank’s Board of Governors. The meeting was held at IDB Headquarters in Washington, D.C., with delegations attending virtually and in person. Nominated by Brazil, Goldfajn will take office for a five-year term on December 19, 2022.
Argentina to Protect Agro-Food and Marine Resources, with IDB Support
November 15, 2022
The Inter-American Development Bank approved a $125 million loan to help Argentina strengthen its agricultural health services and enhance the sustainability of its marine resources. The program aims to bolster pest control to safeguard the country’s zoo-sanitary and phytosanitary assets, expand the diagnostic capacity of plant and animal health laboratories, and support research on the resources in the country’s oceans.
IDB and IDB Invest Provided $26 Billion in Climate Financing over Five Years
November 10, 2022
Investing in climate adaptation can save lives and property, preventing future damage The Inter-American Development Bank (IDB) and IDB Invest, the IDB Group’s private-sector arm, provided more than $26 billion in climate financing for Latin America and the Caribbean between 2016 and 2021. This figure represents approximately 60% of all climate financing in the region from multilateral development banks during this period.
MDBs to Expand Support for Countries Seeking Climate-Resilient Sustainable Transition
November 07, 2022
At COP27, MDBs commit to address the challenges of sustainable development, climate change, and biodiversity loss in an integrated way The Inter-American Development Bank (IDB) and other multilateral development banks (MDBs), which together provided record levels of financing in 2021 to support the green transition, issued a forward-looking joint statement at the COP27 global climate summit in Sharm El-Sheikh, Egypt.
The IDB and other IFIs Launch a Climate Finance Video Campaign Ahead of COP27
November 02, 2022
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.
Latin America and Caribbean to Showcase Their Climate Action at COP27
November 01, 2022
The IDB Group attends the conference as the region’s leading strategic partner for meeting climate commitments The 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27) will be held in Sharm El-Sheikh (Egypt) on November 6 to 18. The world’s premier climate event will being together heads of state, ministers, mayors, negotiators, civil society, and private sector representatives to review progress made since COP26 in Glasgow and analyze steps yet to be taken to achieve the aims of the Paris Agreement.