The Inter-American Development Bank and its private sector arm, IDB Invest, are scaling climate and environmental sustainability across Latin America and the Caribbean.
By 2030, IDB aims to reach 50% in green and climate finance, while IDB Invest projects 60%, including mobilised private capital, to amplify climate action in the region.
By 2030, IDB and IDB Invest expect to deliver a combined $11.3 billion in annual climate finance and mobilise another $6.6 billion.
These projections align with the institutions' commitments in the new Impact Framework, including delivering $25 billion in adaptation from 2024 to 2030.
This adaptation finance amount represents 50% of IDB's total climate finance target, a proportion the IDB Group will strive to maintain.
In 2023 alone, IDB and IDB Invest dedicated $7.5 billion to climate finance, laying the groundwork for long-term climate resilience.
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