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

Friday, March 25, 2011 - 03:00
$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.

The IDB, a partner of Colombia in development

Tuesday, March 17, 2009 - 03:00
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.

Report evaluates economic benefits of Camisea Project

Monday, October 29, 2007 - 03:00
The Camisea natural gas project has transformed Peru, reducing energy costs, increasing national revenue and spurring economic growth, according to a study released by Apoyo Consultoría, one of Peru’s leading economic consulting firms. The firm said in a study commissioned by the IDB that the project will add 0.8 percent annually to Peru’s gross domestic product until 2033, when the life cycle of the project is expected to end.

Grasping climate change challenges

Monday, March 12, 2007 - 03:00
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.

IDB kicks-off consultation process with civil society on Peru LNG

Friday, September 8, 2006 - 03:00
On September 8, 2006 the Inter-American Development Bank held a first meeting with civil society organizations in Washington to begin a series of consultations regarding the Perú Liquified Natural Gas (LNG) project.  The Bank signed a Mandate Letter to begin its due diligence on the project in June.

IDB holds third public consultation on Camisea project

Friday, March 3, 2006 - 03:00
Civil society organizations, Peruvian government officials, specialists of the Inter-American Development Bank and private sector leaders have held their third semiannual public consultation to exchange views and information on issues and concerns regarding the Camisea natural gas project.

Two IDB projects win "Deal of the Year 2004" awards

Thursday, March 10, 2005 - 03:00
Project Finance magazine awarded three “Deal of the Year 2004” prizes for two projects developed by the IDB's Private Sector Department. The Camisea natural gas pipeline project in Peru, which received a $75 million IDB loan from ordinary capital, was elected the magazine's “Overall Latin America Deal of the Year 2004” and the “Latin American Oil & Gas Deal of the Year 2004.”

Feedback sought on new IDB Environment and Safeguards Policy

Monday, November 22, 2004 - 03:00
The IDB is developing its Environment and Safeguards Compliance Policy. The goal of the new policy is to help advance the Bank's mission for promoting sustainable development and reducing poverty across the Latin American and Caribbean region. The specific objectives of the policy are to maximize development benefits and environmental sustainability outcomes in Bank operations and activities; to manage risks to ensure that all Bank operations and activities are environmentally viable, and to improve and promote corporate environmental responsibility within the Bank.

Managing natural disasters

Friday, September 24, 2004 - 03:00
Earthquakes, hurricanes and other natural disasters are responsible for billions of dollars in losses and increased indebtness throughout Latin America and the Caribbean. Average annual losses for the region from these events average $3.2 billion between 1975 and 2002, according to the Emergency Disasters Data Base (EM-DAT 2003). Most countries in the region lack the funding needed for post-disaster reconstruction and have largely relied on multilateral credit facilities to respond their emergency needs.

Environmental and social safeguards in place for Camisea

Thursday, October 9, 2003 - 03:00
To assure protection of the ecologically fragile region where the production and processing plants of the Camisea natural gas project are being built in Peru, the IDB has established environmental and social requirements and monitoring and supervising the entire project, not just the pipeline the Bank is helping to finance. The IDB's participation in the project has spurred positive measures that will make Paracas bay --where ships will load Camisea's natural gas liquid products-- cleaner than it was before the project began.