2016 IDBG Climate Finance Data

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Oct 2019
At the IDBG Annual Meeting in 2016, the Board of Governors resolved to endorse the goal to increase finance for climate change-related projects in Latin America and the Caribbean to 30% of the IDB’s and IIC’s combined total approvals by 2020, subject to demand from borrowing countries and clients, and to continued access to external sources of concessional finance.
During 2016, the IDB Group invested approximately US$2.7 billion in climate finance, that is, in development activities carried out by the public and private sectors that reduce greenhouse gas (GHG) emissions and thus mitigate climate change, and/or that reduce vulnerability to climate change and contribute to an adaptation process. This amount represented 22% of the IDB Group’s total approvals for 2016.