Finance for Climate Action Reaching People Who Need It

Wednesday, December 8, 2010 - 03:00
CANCUN, MEXICO – From the world’s largest solar power program in North Africa to the greening of Mexico’s buses, more than 40 developing countries have now undertaken climate action with the support of the six billion dollar Climate Investment Funds (CIF). Joined today in Cancun by President Felipe Calderon of Mexico, the multilateral development bank (MDB) presidents heralded the two year old Funds as a path-breaking climate partnership.

In COP16, President Moreno backs creation of Green Fund

Wednesday, December 8, 2010 - 03:00
The President of the IDB also noted that “CO2 is linked to H2O” in a speech on climate change and water in Latin America and the Caribbean Moreno underscored the importance of energy efficiency The President of the Inter-American Development Bank Luis Alberto Moreno on Dec.

IDB and JBIC to Expand Cooperation in Mitigation and Adaptation of Global Warming

Friday, November 12, 2010 - 03:00
TOKYO, Japan – The Inter-American Development Bank (IDB) and the Japan Bank for International Cooperation (JBIC) signed a Memorandum of Understanding to strengthen cooperation in projects aimed at reducing green house gas emissions in Latin America and the Caribbean. The MOU was signed between the JBIC CEO, Hiroshi Watanabe and the IDB President Luis Alberto Moreno during his participation in an event in Japan organized by the Asia-Pacific Economic Cooperation (APEC). 

IDB launches Public Consultation for its Latin American and Caribbean Climate Change Strategy

Thursday, October 28, 2010 - 03:00
The Inter-American Development Bank (IDB), the largest source of multilateral financing for Latin America and the Caribbean, has launched a broad public consultation on the draft of its Integrated Strategy for Climate Change Adaptation and Mitigation, and Sustainable and Renewable Energy. This public consultation includes a 90-day online forum in addition to meetings with representatives of civil society, including non-governmental organizations across the region and in Washington DC. The consultation is a critical step toward the adoption of a new climate change strategy.

IDB'S Multilateral Investment Fund launches targeted US$50 million facility to boost carbon market access for low-income communities, small firms

Thursday, October 21, 2010 - 03:00
The Multilateral Investment Fund (MIF), the Inter-American Development Bank's private-sector arm that promotes opportunity for small and microenterprises, has launched the MicroCarbon Development²  Fund (MCD²

IDB discloses document detailing general capital increase

Tuesday, August 3, 2010 - 03:00
The Inter-American Development Bank (IDB) published today on its Web site the report that provides the strategic direction for the Bank over the next decade. The Report on the Ninth General Increase in the Resources of the Inter-American Development Bank establishes the IDB’s strategic priorities, institutional reforms and accountability for results related to the Bank’s capital increase. The report also details the financial terms and conditions to implement the general capital increase.

IDB Governors agree on financial terms for historic capital increase

Thursday, July 22, 2010 - 03:00
Member countries provide strategic vision and accountability framework Bank will expand support to small and vulnerable countries Key goals include reducing poverty and inequality, promoting regional integration and sustainable energy, helping countries tackle climate change At the end of a 60-day voting period, the Board of Governors of the Inter-American Development Bank offered broad support for the approval of the financial terms for a $70 billion increase of the Bank’s ordinary capital.

Multilateral Banks to Continue Economic Support, Ready to Mobilize Climate Finance

Friday, April 9, 2010 - 03:00
Leading Multilateral Development Banks (MDBs) and the International Monetary Fund, meeting today at the European Investment Bank in Luxembourg, mapped out their plans to support a sustainable global recovery and agreed the Copenhagen Accord is an opportunity for action to finance measures to combat climate change.

IDB Annual Meeting concludes with countries vowing action on crisis

Tuesday, March 31, 2009 - 03:00
Governments approve kicking off process to review IDB capital levels. Seminars, dialogues, exhibitions and debates mark IDB’s 50-year anniversary.MEDELLÍN, Colombia – For nearly a week ending today, this picturesque and thriving city transformed itself into the economic epicenter of Latin America and the Caribbean.

IDB to start reviews for capital increases, boosting financing in short-term

Monday, March 30, 2009 - 03:00
MEDELLÍN, Colombia – The Board of Governors of the Inter-American Development Bank (IDB) today instructed the Bank’s management to “start immediately” to review the need for an increase in its ordinary capital, which currently stands at $101 billion, and a replenishment of its concessional lending window, the Fund for Special Operations.