About Us
The Inter-American Development Bank (IDB) is a leading source of development financing for Latin America and the Caribbean. Established in 1959, the IDB supports economic development, social development, and regional integration by lending to governments and government agencies, including state corporations. The bank's mission is to improve lives by providing financial and technical support for countries working to reduce poverty and inequality.
The IDB is committed to sustainability and has integrated environmental, social, and governance (ESG) considerations into its operations. The bank actively promotes sustainable infrastructure, renewable energy projects, and climate change mitigation and adaptation strategies. It has implemented a comprehensive Environmental and Social Safeguards Policy to ensure that its projects are environmentally sustainable and socially inclusive.
Furthermore, the IDB has set ambitious targets to increase its climate-related financing and has been recognized for its efforts in promoting green growth and sustainable development in the region. The bank also publishes annual sustainability reports that detail its progress and commitments towards achieving sustainable development goals.
While the IDB has made significant strides in sustainability, it continues to face challenges in balancing economic growth with environmental protection. The bank is actively working to address these challenges by fostering partnerships with governments, private sector entities, and civil society organizations to promote sustainable development practices.