News

IDB Increases Renewable Energy Lending

By Eliza Villarino // 16 April 2010

The Inter-American Development Bank has committed to bring its lending for renewable energy and climate change-related projects to USD3 billion by 2012. That is double the volume in 2010 at USD1.5 billion.

IDB President Luis Alberto Moreno unveiled the plan during a summit of energy ministers of the Americas at the bank’s headquarters in Washington. He said the twofold increase in clean energy lending is made possible through the decision by the bank’s board of governors to boost IDB’s capital by USD70 billion in March.

About the author

Eliza Villarino
Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.