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IDB and Energy
March 27, 2008
The Inter-American Development Bank’s energy portfolio includes a wide array of investments aimed at improving the energy security of its member countries by exploiting both conventional and renewable sources.
In 2007 the Bank approved US$2.5 billion in energy-related operations. Many of these loans will support high-priority gas and electricity infrastructure projects. For example, the IDB approved:
A US$32.7 million loan for a wide-ranging investment program to strengthen Nicaragua’s electricity system.
IDB in Brief
March 24, 2008
The Inter-American Development Bank was created in 1959 to help accelerate the economic and social development of its member countries in Latin America and the Caribbean and to promote regional integration.
The Bank has 47 member countries: 28 in the Western Hemisphere, 16 in Europe, as well as Israel, Japan and the Republic of Korea. The Latin American and Caribbean countries as a group hold half the shares in the institution.
IDB and Infrastructure
March 24, 2008
The Inter-American Development Bank, the main source of multilateral development financing for Latin America and the Caribbean, plans to allocate US$12 billion for infrastructure projects in the region by 2010.
IDB loans for social development in Latin America and the Caribbean totaled $1.8 billion in 2006
February 27, 2007
The Inter-American Development Bank targeted $1.8 billion to social development investments in Latin America and the Caribbean in 2006, with an emphasis on poverty reduction and expanding opportunities for the majority.
The IDB last year launched its Opportunities for the Majority initiative and renewed its commitment to support its member countries in the region to achieve the United Nations Millennium Development Goals.