2019 IDBG Climate Finance Data
Date
Nov 2020
English
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At the IDB Groups Annual Meeting in 2016, the Board of Governors endorsed the goal to increase finance of climate change-related projects in the Latin American and Caribbean region to 30% of the IDBs and IICs combined total approvals by 2020, subject to demand from borrowing member countries and clients, and access to external sources of concessional finance.
During 2019, the IDB Group - composed of the IDB, IDB Lab (formerly the Multilateral Investment Fund) and IDB Invest - approved approximately US$5 billion in climate finance, that is, for 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 29% of the IDB Groups total approved amount for 2019.
During 2019, the IDB Group - composed of the IDB, IDB Lab (formerly the Multilateral Investment Fund) and IDB Invest - approved approximately US$5 billion in climate finance, that is, for 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 29% of the IDB Groups total approved amount for 2019.
