IDB Backs Peru's Climate Change Reform Agenda

The Inter-American Development Bank has approved a USD25 million loan to help Peru implement a program that seeks to improve the country’s adaptation and mitigation initiatives and strengthen its climate-related institutions.

The program is part of Peru’s climate reform agenda, under which the country committed to create institutional, technical and legal conditions needed to prevent, mitigate and adapt to climate change.

On top of the loan, IDB is also providing a USD2.2 million technical assistance grant for the reform program.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.