View Full Report

Summary

The report, describes the company's commitment to address urgent issues facing the region

Report Highlights

The 2009 Sustainability Report, describes the IDB's commitment to address urgent issues facing the region, particularly climate change, the threat of water scarcity and diminishing biodiversity. Through examples and analysis, the report shows how the Bank's tough policies, strategies, and new mechanisms are translating its institutional commitment into sustainability on the ground in the countries of the region. The report also reviews the Bank's progress in meeting the six goals set in its sustainability framework:

Strengthening environmental governance
Building stakeholder relations
Improving environmental and social impact management
Expanding the portfolio of sustainability investments
Increasing knowledge in sustainability issues
Minimizing the IDB's environmental footprint

In 2009, the IDB saw record lending totaling US$15.5 billion. The year also saw significant investment increases in loans targeting environmental improvement, climate change and renewable energy (33 loans totaling US$3.5 billion), as well as a continued focus on projects addressing indigenous peoples, gender equality and Afro-descendant issues.

Progress was made in meeting water and sanitation goals, improving disaster risk management; moving beyond environmental and social safeguard compliance; and integrating climate change concerns into Bank financing. The IDB also took important steps in working towards a strategy for climate change; improving its sustainability policies and mechanisms; and initiated an independent assessment of its experience with its Environmental and Safeguards Compliance Policy.

The report is available at www.iadb.org/sustainability/report. For further information, or to provide feedback on the report, please contact: Natasha Ward, Environmental Specialist, sustain@iadb.org or visit www.iadb.org/sustainability

The Inter-American Development Bank is the main provider of multilateral development financing for Latin America and the Caribbean. The IDB is owned by 48 member countries: 26 borrowing members in Latin America and the Caribbean and 22 nonborrowing members. Since it was founded in 1959, the IDB has approved loans and guarantees totaling $183 billion.
require_once 'counter/results/hit.php'; //hits counter do not remove
?>