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IDB funds energy transition in Colombia

IDB funds energy transition in Colombia

January 19, 2023
US-based development bank also supplies financing for urban development in northeast Brazil

Loans Debt Economy & Policy International Financial Institutions Inter-American Development Bank (IDB) Energy ESG Renewable Colombia Brazil United States

The Inter-American Development Bank (IDB) has granted $73.5 million to promote the transition to renewable energy sources in Colombia and also approved a $260 million loan for a housing project in northeast Brazil. In Colombia, the IDB will provide $70 million for the move to clean energy and supply $3.5 million to limit deforestation in the Amazon rainforest, the office of Colombian President Gustavo Petro said in a press release on Wednesday. Petro announced the loan after meeting with IDB Pre

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