New study finds banks show strong potential to help address climate change
WASHINGTON, CMC - A new study has found that public development banks (PDBs) in Latin America and the Caribbean provide more than US$700 billion in loans annually and possess the operational and financial heft to expand into areas, such as climate change mitigation and productive development policies.
The study, released by the Inter-American Development Bank (IDB), also urges these institutions to continue to strengthen their capacity, particularly in corporate governance area, and to demonstrate their development effectiveness in a way that further mobilizes private sector resources and supports the most vulnerable economic sectors.
The study titled “Public Development Banks: Toward a New Paradigm,” examines the relevance of the PDBs in today's financial systems, their financial and non-financial instruments, institutional factors key to achieving success, and how they can address new challenges such as climate change mitigation.
You may also be interested in:
La CSME, la seguridad alimentaria y la financiación climática encabezan la agenda de la Cumbre de CARICOM en las Bahamas.
The CARICOM Single Market and Economy (CSME); food security; climate change and climate finance; health; and security will be among the major topics when Heads of Government of CARICOM Meet in The.
La Secretaría de CARICOM y la Agencia Caribeña para Soluciones de Justicia (CAJS) forjan una alianza para acelerar la transformación digital.
The CARICOM Secretariat (CCS) and the Caribbean Agency for Justice Solutions (CAJS) have come together in a significant partnership aimed at advancing digital transformation and enhancing service..