EIB, IDB to co-finance climate projects in LatAm

EIB, IDB to co-finance climate projects in LatAm

International Financial Institutions Inter-American Development Bank (IDB) Debt Loans ESG Green Finance Renewable Energy Wind Solar Latin America Europe United States

The European Investment Bank (EIB) and the Inter-American Development Bank (IDB) said Monday that they had signed an agreement to co-finance "climate resilient projects" in Latin America and the Caribbean. "Latin America and the Caribbean have all the right conditions to become a global renewable energy hub," EIB President Werner Hoyer said in a joint press release. Under the terms of the agreement, the EIB and the IDB can delegate procurement tasks to one another to prepare projects for financi

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