Ecuador Powers Up Energy Transition in Galápagos Islands, with IDB Support

May 09, 2023
The Government of Ecuador launched a plan backed by the Inter-American Development Bank (IDB) to reduce greenhouse gas emissions in the Galápagos Islands. The energy transition plan, called Energy Evolution, will also help Ecuador lower the fiscal burden of its liquid fuel and electricity subsidies by drastically cutting fossil-fuels use and building out renewable energy capacity in the archipelago.

Colombia Promotes More Efficient and Sustainable Energy in Caribbean Region with IDB Support

January 23, 2023
The IDB approved a $34.5 million loan to finance an energy efficiency program for the residential and public sector in Colombia.

Uruguay to Accelerate Transition to Low-Carbon Energy with IDB Support

November 30, 2022
The Inter-American Development Bank (IDB) has approved a $150 million conditional credit line to help Uruguay meet the targets of its nationally determined contribution under the Paris Agreement.

IDB to Finance Loan for Ecuador-Peru Power Interconnection Project

November 22, 2022
The Inter-American Development Bank (IDB) has approved a US$125 million loan for a 500-kilovolt power line that will help Ecuador and Peru connect their electrical grids. The European Investment Bank is expected to contribute an additional $125 million to the project. The 544 km extra-high voltage line between the two countries will help strengthen regional energy integration and further progress on the Andean Electrical Interconnection System initiative.

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.  

IDB, Green Climate Fund Endorse Program to Promote E-Mobility in Latin America, Caribbean

November 10, 2022
The IDB endorsed a partnership with the Green Climate Fund to create the first regional program to promote electric mobility and green hydrogen.

IDB and KIAT Strengthen Collaboration for Innovation in Latin America and the Caribbean

September 29, 2022
seoul - The Inter-American Development Bank (IDB) and the Korea Institute for Advancement of Technology (KIAT), within the context of the 6th Korea-LAC Business Summit, signed a memorandum of understanding (MoU) to strengthen the collaboration to foster the support for the sustainable development and transition to a low-carbon economy in Latin America utilizing innovative technology and Korea's experience.

IDB, Green Climate Fund to Promote E-Mobility in Latin American and Caribbean Cities

July 28, 2022
The Inter-American Development Bank (IDB) is joining forces with the United Nations' Green Climate Fund (GCF) to create the first regional fund to promote electric mobility and green hydrogen in Latin America and the Caribbean. The fund is expected to provide $450 million in concessional loans and grants to nine countries.

IDB approves $1.14 billion credit line to Argentina to decarbonize its energy sector

July 27, 2022
The Inter-American Development Bank (IDB) has approved a $1.14 billion conditional line of credit for investment projects to decarbonize Argentina’s energy sector. The IDB Group remains committed to supporting Argentina's development agenda with projects that have a direct impact on development. As part of the credit line, the IDB authorized an initial $200 million in financing. This will be augmented by an additional €100 million from the French Development Agency and €100 million from the European Investment Bank.