Multilateral Development Bank - Page 3 of 3

World Bank Provides Funds for Sustainable Renewable Energy in Haiti
November 4, 2020
The World Bank said it’s upping its financing of the Haiti Renewable Energy for All Project to scale up investments in order to expand and improve access to electricity for health infrastructure, households, businesses and community services. Source
New IDB report on the status of geothermal industry in LAC region
November 2, 2020
New Energy teamed up with the Inter-American Development Bank to release an in-depth market report about the road ahead for geothermal energy Latin America and the Caribbean. Source
IRENA and CDF partner on energy transition funding for Caribbean islands
October 16, 2020
IRENA and CDF have signed a Memorandum of Understanding to support a transition from fossil-fuel dependency to a more resilient and sustainable low carbon economic development model in the Caribbean Small Island Developing States (SIDS). Source
IDB Loans $200M To Aid Business Climate in Bahamas
October 10, 2020
The IDB approved a $200M loan to boost the business climate to would support the Bahamian Blue Economy, which features sea-based industries such as coastal tourism, fisheries and maritime transport. Source
GIZ and Chile’s Ministry of Energy explore new financing options
October 9, 2020
A joint report by GIZ and Chile’s Ministry of Energy discusses new financing options that could push for further investment in the South American country. Source
In controversial fight for top bank job, Trump nominee lays out his Caribbean commitment
August 20, 2020
Mauricio Claver-Carone, U.S. President Donald Trump’s candidate to take over the helm of the IDB vowed to elevate the attention given to the Caribbean. In an interview with The Miami Herald, Claver-Carone said ensuring someone from the Caribbean becomes vice president and helping middle- and higher-income Caribbean countries find more favorable financing are among his […]
Latin American development banks sharpen their sustainability focus
August 20, 2020
Various development banks in Latin America are increasing their focus on financing linked to an environmental-friendly approach. Among the most exciting is Minas Gerais’ BDMG which will soon become Brazil’s first state-run bank to issue sustainability bonds in line with the UN’s Sustainable Development Goals with support from the IDB. Source
Climate financing from development banks reaches USD 43.1bn in 2018
June 14, 2019
The world’s six largest multilateral development banks (MDBs) committed over USD 43 billion in climate financing to support climate action initiatives. Climate financing therefore increase by 22% compared to the previous year, according to the 2018 Joint Report on Multilateral Development Banks’ Climate Finance. Since 2011, when the six MDBs started tracking their climate financing, […]