The Inter-American Development Bank and the International Monetary Fund are joining forces to better support the region to foster sustainable growth and address the structural challenges of climate change.
The IDB and IMF staff will increase their cooperation in the areas of general coordination and climate finance.
The entities will deepen their cooperation on the surveillance of macro-economic policies; IMF arrangements, in particular, the Resilience and Sustainability Fund RSF; IDB lending operations, including investment and policy-based loans; and capacity development.
The climate finance collaboration will focus on identifying policies to support member countries' climate objectives in the context of the RSF, and capacity development to support the implementation of RSF building.
They said by strengthening their collaboration in these areas, the IDB and the IMF will enhance their support for designing economic policies and policy reform programmes.
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