April 26, 2022 |
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
European and US-based development banks say a partnership can lower transaction costs