Global supply chains are the fundamental basis of economic development worldwide. Through a complex and organized structure, they aim to boost the production and trade of productive activities. In the member countries of the Organization for Economic Co-operation and Development (OECD), the logistics sector represents 10% of GDP on average.
A recent study published by Nature has estimated that climate change will reduce future global income by about 19% ($38 trillion a year ) in the next 25 years, and underlined that the most socially and economically vulnerable countries will be hit the hardest.
The Inter-American Development Bank (IDB), through its Environmental and Social Solutions Unit, has been organizing the Regional Dialogues on Environmental and Social Policy (RPD) for over ten years. The aim of this initiative is to promote the strengthening of the region's national environmental and social licensing and inspection systems through several priorities by promoting:
The newEnvironmental and Social Policy Framework (ESPF), in force since October 2021, represents an opportunity to improve and harmonize the IDB Group’s environmental and social standards with those of other multilateral organizations such as the International Finance Corporation’s Performance Standards on Environmental and Social Sustainability, the World Bank’s Environmental and Social Standards, and the Performance Requirements of the European Bank for Reconstruction and Development (EBRD), among others.
Generally, when we hear the name Inter-American Development Bank (IDB), we particularly associate it with financing, work at the policy and regulatory level, activities in the city, sitting in front of a computer... In this blog I share another angle: the human and field perspective with its teachings and reflections.
Did you know that development and decarbonization can go hand in hand? Adopting the path towards carbon neutrality can bring significant benefits to our region.
In recent years, the tourism sector has risen as a pivotal force in economic and social advancement, catalyzing exports, attracting foreign investments, and fostering cultural exchanges. It stands out as a fundamental pillar for sustainable development globally, especially in low and middle-income nations. The sector's profound impact on socioeconomic dynamics is magnified by its capacity to drive gender equality forward.
The current era is marked by a notable impact of climate change with increasingly pronounced effects and the rising consequences of disasters globally, with Latin America and the Caribbean among the most affected regions. The ability to prevent, mitigate, prepare for, respond to, and recover from these challenges becomes essential to ensure the continuity and sustainability of projects.
Today, Latin America and the Caribbean stand at a turning point to shape a new sustainable economy. We are presented with a momentous chance to embrace the sustainability revolution as the development opportunity of the 21st century. This journey goes beyond protecting the environment and reducing carbon emissions: it's about creating jobs, improving public health, reducing the gender gap, boosting education, and building a prosperous, climate-resilient, and just economy while ensuring no one is left behind.
Latin America and the Caribbean are invaluable havens of biodiversity in the world. They harbor the greatest diversity of species and ecosystems on the planet, a quarter of the mangrove forests, and half of the tropical forests (UNEP-WCMC, 2016; Bovarnick et al., 2010). According to FAO, the region has a total of 935.5 million hectares of forest land.