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IDB Invest Works on Loans to Wean Latin America Off Fossil Fuels

Latin American Land Owners Are Fighting To Keep Power Lines Out
Photographer: Brett Gundlock/Bloomberg

IDB Invest is in talks to roll out so-called decarbonization loans to projects in Latin America as the multilateral institution looks to help the region meet its climate goals by accelerating the replacement of fossil fuel assets.

“In energy, we are talking to different clients both in Chile and Costa Rica,” Chief Investment Officer Gema Sacristan said in an interview. “Our focus in the transport industry is electric bus systems.”