This month: IDB at COP16, Development Impact Report, IDB Invest Securitization

Breaking new ground in nature conservation and restoration at COP16?

During the United Nations Conference on Biodiversity (COP16), the Inter-American Development Bank (IDB) announced it has approved more than $2 billion in nature finance in 2023, nearly 13% of total loan approvals, with more than half meeting the higher standard of nature-positive financing.? The announcement marks the first time a multilateral development institution provides such levels of disclosure to support the targets of the Kunming-Montreal Global Biodiversity Framework. Read More?

The IDB and the World Bank presented core elements of the guidelines for capital markets instruments called Amazonia Bonds, an initiative to attract private capital to finance the sustainable development of the Amazon. The guidelines, which are currently under discussion with civil society organizations and indigenous communities, provide recommendations on the selection of projects to be financed, as well as the management of proceeds and reporting of results for this type of capital market intrument.?Read More?

Peruvian indigenous organization AIDESEP became the first receipient of direct financial and technical assistance from the IDB as part of the Amazonia Forever Program, which promotes the sustainable development of the region. The project will strengthen management capacities of bio-enterprises and the quality of production for 25 indigenous companies in nine Amazonian regions. Read More?

Colombia is the first country to join the Jaguar Impact Initiative, a program launched during COP16 by IDB and IDB Lab to scale up outcome-based financing mechanisms for the Jaguar Corridor. The initiative, which spans 18 countries in Latin America and the Caribbean,? seeks to improve the effectiveness and scale of projects by promoting the use of outcome-based financing. Read More?

Our Development Impact

The latest edition of our Development Effectiveness Overview (DEO) shows that IDB-supported projects helped more than 34 million people benefit from health services, 3.4 million women participate in economic empowerment initiatives, and 6.6 million citizens take part in employment support initiatives in Latin America and the Caribbean last year.??

The report, which details development results for the IDB, IDB Invest and IDB Lab, shows that we are supporting the achievement of the U.N. Sustainable Development Goals.?

The DEO highlights that, over the past four years, the IDB made major strides in aligning its new projects with strategic priorities. The IDB also dramatically improved its ability to support institutional capacity, gender equality and diversity, and climate change mitigation and adaptation.?Read More?

IDB Invest Landmark Securitization?

IDB Invest will securitize $1 billion in assets in a groundbreaking transaction as part of its originate-to-share business model, freeing up capital to increase its development lending.??

This innovative financial structure seeks to create a new multilateral development bank asset class for international investors. It aligns with key G20 recommendations to advance financial innovation and balance sheet optimization, thereby increasing the mobilization of private investments for development. Read More?

Featured Projects?

Brazil: Advancing Digital Transformation in Bahia State??

Bahia to expand the range and use of digital public services.?

Chile: Improved Urban Infrastructure Services?

IDB supports regional governments in building infrastructure to provide metropolitan-wide urban services.?

Ecuador: Addressing Organized Crime?

First-of-a-kind IDB loan to specifically address the challenges of organized crime with several preventive and institutional measures.?

Suriname: Better Spatial Planning and Environmental Management?

Country to strengthen institutional capacity to manage land use.?

Fact of the Month??

Uruguay, Chile, and Brazil are the leaders in the adoption of solar and wind energy technologies in Latin America and the Caribbean, according to a new IDB study. The incorporation of these technologies is influenced by regulatory frameworks, institutional structures, and resource availability. These countries have successfully capitalized capitalized on these factors to boost the generation of solar and wind energy.?

Uruguay is leading these efforts. Approximately 35% of its energy comes from these renewable sources, with wind energy representing the largest share. Chile comes in second, generating 18% of its energy using these technologies, and Brazil is in third with 15%.?

More information (study in Spanish)?