The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.
The IDB is historically one of the largest lending institutions in the Latin American and Caribbean energy sectors and continues to work across 26 countries in the region directly with governments, the private sector, and civil society. It employs sovereign guarantee, private debt, grants, and other tools to provide financing that impacts the energy sector, partnering with and leveraging funds from across the world.
Working with those funds, the IDB approves nearly USD $1 Billion of its own funding each year for many different types of projects and government programs. In addition to these funds, it leverages funding from diverse funding partners such as the Global Environmental Facility, the Clean Technology Fund, Climate Investment Funds, Canadian Climate Funds, Scaling up Renewable Energy Program, as well as bilateral and private sector funding sources.