The Inter-American Development Bank (IDB) is an international entity with several decades of experience in promoting poverty reduction, economic growth, private sector development and in fostering regional integration and trade in developing countries in the Latin American and Caribbean region. IDB has a successful track record in implementing projects and programmes in clean energy, health-care sectors, agricultural development and natural resources management. Last year, IDB committed nearly US$ 2.5 billion to climate change mitigation and adaptation actions. It has delivered projects and programmes, including the reduction of carbon emissions through low-carbon transport systems, climate-resilient agricultural development, integrated watershed modeling tools and early warning systems. Building on its existing experience, knowledge and strong presence in the region, IDB sought accreditation to GCF in order to catalyze the regional impact of its climate change mitigation and adaptation projects and programmes, paying particular attention to vulnerable communities. In addition, IDB seeks to strengthen the institutional capacities of national entities in the region to enable them to access climate finance directly.
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Accreditation timeline
Accreditation term 1
30 Mar 2018 - 29 Mar 2023
Accreditation date
09 Jul 2015
AMA execution date
29 Aug 2017
AMA effectiveness
30 Mar 2018
Term end date
29 Mar 2023
Accreditation term 2
17 May 2024 - 16 May 2029
Re-accreditation date
14 Mar 2023
AMA execution date
16 Apr 2024
AMA effectiveness
17 May 2024
Term end date
16 May 2029
Entity details
Size
Micro
Small
Medium
Large
Environmental and social risk category
Category C
Category B
Category A
Intermediation 3
Intermediation 2
Intermediation 1
Fiduciary standards
Basic
Project management
Grant award
On-lending/blending:
Loan
Equity
Guarantee
Blending
Projects
FP251
Adaptation
Barbados
Barbados Climate Resilient South Coast Water Reclamation Project (SCWRP)
FP189
Cross-cutting
Multiple countries
E-Mobility Program for Sustainable Cities in Latin America and the Caribbean
FP173
Cross-cutting
Multiple countries
The Amazon Bioeconomy Fund: Unlocking private capital by valuing bioeconomy products and services with climate mitigation and adaptation results in the Amazon
FP111
Cross-cutting
Honduras
Promoting climate-resilient forest restoration and silviculture for the sustainability of water-related ecosystem services
FP064
Mitigation
Argentina
Promoting risk mitigation instruments and finance for renewable energy and energy efficiency investments
FP063
Mitigation
Paraguay
Promoting private sector investments in energy efficiency in the industrial sector and in Paraguay
FP048
Cross-cutting
Multiple countries
Low Emissions and Climate Resilient Agriculture Risk Sharing Facility
FP020
Mitigation
Multiple countries
Sustainable Energy Facility for the Eastern Caribbean
FP009
Mitigation
El Salvador
Energy Savings Insurance (ESI) for private energy efficiency investments by Small and Medium-Sized Enterprises (SMEs)
GCF and IDB agreements to help SMEs in Latin America invest in energy efficiency
18 Jan 2019 / GCF and IDB recently signed funding agreements which will enable GCF to channel climate finance to 4 projects in Latin America.
Postcard from Katowice: Friday, December 14
14 Dec 2018 / This is the final GCF postcard from Katowice, but it may not be the final day of the COP.
Forests: A cause of climate concern, and hope
15 Aug 2018 / You don’t know what you’ve got until it’s gone.
Forests: A cause of climate concern, and hope
14 Aug 2018 / You don’t know what you’ve got until it’s gone.
Private sector key, say GCF Latin America Dialogue partners
09 Mar 2018 / The importance of the private sector was a common theme among many of the participants at the recently-concluded GCF Structured Dialogue in Latin America.
GCF strengthens partnership with Inter-American Development Bank
06 Sep 2017 / GCF has broadened its inroads of climate finance into the Latin America and Caribbean region after the signing of a key agreement with IDB.
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