{
Inter-American Development Bank

Companies

}
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001122334455554433221100

Barbados secures 125 million debt swap for climate resilience initiatives

Barbados has completed a $125 million debt swap aimed at enhancing the resilience of its water and sewage systems against climate change. The initiative, arranged by a unit of the Canadian Imperial Bank of Commerce, is supported by $300 million in guarantees from the European Investment Bank and the Inter-American Development Bank. The funds will be utilized to replace some of the island's most costly debt.
Bloomberg.com
Canadian Dollar Canadian Imperial Bank of Commerce European Investment Bank Inter-American Development Bank BRB Show more
Finance & Economy, Press Release
17:34 02.12.2024

climate finance deal reached at cop29 amid contentious negotiations

Nearly 200 countries reached a contentious agreement at COP29 in Azerbaijan to triple climate finance for developing nations, committing at least $300 billion annually by 2035. Despite the deal, which faced objections from India, many view it as inadequate to meet the urgent needs of vulnerable countries. The agreement aims to inform future emissions reduction commitments and highlights the ongoing challenges of global climate cooperation.
Bloomberg.com
United States Dollar Inter-American Development Bank European Climate Foundation USA IND AZE BRA Avinash Persaud Laurence Tubiana Donald Trump Leena Nandan Show more
Finance & Economy, News Article
23:40 23.11.2024

climate conference in azerbaijan highlights challenges in global cooperation and finance

At COP29 in Baku, Azerbaijan, delegates faced stark realities as discussions on climate finance highlighted a significant gap between the needs of developing nations and the commitments of wealthier countries. Despite a draft agreement proposing $250 billion annually by 2035, many expressed skepticism about the feasibility of such funding, especially with the looming influence of U.S. politics under a potential Trump re-election. The conference underscored the urgent need for effective international cooperation to address climate change, as developing countries continue to bear the brunt of its impacts.
bloomberg.com
United States Dollar Bloomberg Inter-American Development Bank USA AZE BOL Avinash Persaud Ilham Aliyev Donald Trump Show more
Regulatory & Legal, News Article
16:04 22.11.2024

colombia seeks urgent us climate funding amid political uncertainty

Colombia is racing to secure up to $10 billion in climate finance from the US before Donald Trump takes office, aiming to transition from a fossil fuel-based economy to green investments. If negotiations fail, China may become an alternative source of funding. The plan, part of a $40 billion strategy, seeks to replace declining fossil fuel revenues and is seen as a potential model for other nations pursuing similar transitions.
bloomberg.com
United States Dollar Chinese Yuan Organization for Economic Co-operation and Development Inter-American Development Bank USA COL CHN Donald Trump Susana Muhamad Gustavo Petro Show more
Finance & Economy, News Article
07:48 19.11.2024
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