WASHINGTON — Inter-American Development Bank President Mauricio Claver-Carone intends to launch a bank climate facility by next spring, he told Devex in an interview.
“I’ve been here now over two months, and it’s become abundantly clear to me that the IDB has been — for actually its whole existence — has been dependent on other climate facilities for financing projects and things of the sort,” Claver-Carone said. “The IDB does not have its own climate facility. Why? So I asked that question, and no one had a good answer. And now we’re going to create our own climate facility and work with our partners.”
He said there is “a whole bunch of enthusiasm” about the project. The bank is at work on the facility, which Claver-Carone wants to launch by the time IDB holds its annual meeting, currently scheduled for March in Colombia.