22nd March 2024

IADB is going to ramp up LatAm finance to US$112bn over the next decade following a capital increase of US$3.9bn and internal reforms. These changes will see IADB and its venture capitalist arm IDB Labs focus on fewer but larger loans. This comes after member nations expressed interest in financing specific projects such as Sweden guaranteeing a biodiversity project in the Amazon. IDB President Ilan Goldfajn wants more effective projects that have a greater impact. Examples of these would include waste management in the Dominican Republic and a $400mn green hydrogen investment in Chile.

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Photo: (AP Photo/Jose Luis Magana)