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RG-T3612 : LAC Green Finance Program to Mobilize Private Investment in Mitigation Actions and Low-carbon and Sustainable Business Models through National Development Banks (Phase II)

Project Status: Implementation

The proposed program aims to give continuity to the support granted to NDBs through the Technical Cooperation RG-X1244 in the promotion of financing strategies aimed at mobilizing private sector investments in EE and ER. Specifically, the TC will focus on the following components: Component 1: the scale-up of activities to support NDBs and other type of public entities, such as utilities and other public companies (Phase I of the program was focused exclusively on NDBs) to design and promote green financial instruments, mobilize private sector investments in EE and RE and other green investments; Component 2: support knowledge sharing and development of lessons learned which enable deepening of replication efforts in the LAC region by replicating the experience of the Financial Innovation Labs in Chile, Colombia, Paraguay and Uruguay. In Chile, it will finance the implementation of its green finance public policy roadmap; Component 3: support regional regulatory dialogue to replicate best practices from Chile and other leading countries. It will include the following activities: i) Promotion of countries best practices for enabling a conducive sustainable finance environment via knowledge exchange and sharing programs to improve and adapt capabilities on climate risks and opportunities stemming from climate change, environmental degradation and social issues and, ii) seminars and workshops for central banks, regulators and any other related government agencies; Component 4: promote transparency and enhance the reporting quality of the green bonds in the Latin American and the Caribbean Region by implementing the Green Bond Transparency Platform.

Project Detail

Project Number
Approval date
May 14, 2020
Project Country
Project Sector
Project Subsector
Project Type
Technical Cooperation
Environmental and social impact category
Project Status
Operation Number

Financial Information

Project Number
Project Status

IDB Financing

Financing type
Common Account - COFAB
Reporting currency
USD - United States Dollar
Reporting date

Roles & Responsibilities

Contract signature date

Project Information

Total Cost
USD 3,931,448
Country counterpart financing
USD 622,148
USD 3,309,300