IDB CLIMA, a financial tool that is the first of its kind among multilateral development banks, will also incentivize environmental transparency standards that are critical for mobilizing climate financing at scale.

Financing of $250 million will promote the bioeconomy and sustainable infrastructure in the Brazilian Amazon, with a focus on connectivity and renewable energy.

New analytics platform will allow policymakers and investors to map connectivity at the national and regional levels, informing projects to help close the digital divide.

Wide-ranging program will help cement post-pandemic recovery, strengthen business environment and enable key reforms.