Business View Caribbean - April 2016 15
to flooding, a biodiversity monitoring and adaptive
management program for a park near two geother-
mal projects in Costa Rica, and the advances being
made by the Panama Canal to implement a series of
water-saving basins.
The report highlights the bank’s sustainability per-
formance in 2015, both in achieving institutional sus-
tainability investment targets, as well as through a
series of stories about the projects it is undertaking
in its member countries. The report is accompanied
by an interactive timeline that looks back over a de-
cade of achievements of the bank in building a se-
ries of robust sustainability programs, and a suite
of robust safeguard policies, as well as innovative
projects and initiatives.
The sustainability report also details the IDB’s
achievements in leveraging significant climate re-
sources in addition to the bank’s own resources,
reporting US$2.2 billion in climate finance for miti-
gation and adaption under the multilateral develop-
ment banks common approach for climate finance
tracking.
In the year, the IDB continued to expand its activi-
ties through special initiatives focused on different
elements of sustainability in Latin America and the
Caribbean. In 2015, fifteen cities joined the Emerg-
ing Sustainable Cities Initiative, helping to identify
actions required and to leverage critical funds that
help cities on a path to long-term urban sustainabil-
ity. In addition, the Biodiversity and Ecosystem Ser-
vices Program, now in its third year, provided fund-
ing in 2015 for eight new projects which integrate
biodiversity and ecosystem services into key eco-
nomic sectors
