14 April 2016 - Business View Caribbean
Opening
Lines
IDB Provided $3.8 Billion in
Environmental Sustainability and
Climate Change Products in 2015
The Inter-American Development Bank (IDB), the
main source of multilateral financing for Latin Amer-
ica and the Caribbean, committed $3.8 billion for
projects that target climate change adaptation and
mitigation, renewable energy and environmental
sustainability in 2015. This investment represents
over one-third of the bank’s lending for the year, sur-
passing its institutional target of 25 percent, accord-
ing to the IDB’s annual Sustainability Report.
Examples of the bank’s work with member countries
highlighted in the publication include a well-planned
road infrastructure project in The Bahamas that
also helped reduce vulnerability of low-lying areas
