The Inter-American Development Bank and the International Monetary Fund have agreed to enhance their collaboration to better support the efforts of members in Latin America and the Caribbean to foster sustainable and inclusive growth and address the structural challenges of climate change.
IDB and IMF staff will deepen their cooperation on four topics: surveillance of macro-economic policies, IMF arrangements, in particular the Resilience and Sustainability Fund, IDB lending operations, including investment and policy-based loans, and capacity development.
The institutions say that by strengthening their collaboration in these areas, they will enhance their support for designing economic policies and policy reform programmes in common member countries, as well as mobilise climate finance more effectively.
This includes working with country platforms to attract additional funding for climate action.
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