Agriculture, climate change, renewable energy to benefit as IDB carves out $13B for lending

[su_pullquote align=”right”]“I think we are putting our money where our mouth is when it comes to us as a partner with CARICOM and us as a partner with the other entities that work with us.” – Mr. Jerry Butler, Executive Director, IDB[/su_pullquote]NASSAU, The Bahamas, Jan 23 2017 – The Inter-American Development Bank (IDB) said it will be lending US$13 billion over the coming year and a significant portion of that amount has been earmarked for agriculture, climate change and renewable energy projects.

Speaking here Monday night at the opening of the fifth Caribbean Sustainable Energy Forum (CSEF), Executive Director of the IDB Jerry Butler noted that the issue of energy and the issue of renewable energy have been of constant focus for the institution.

“Next year we are going to lend US$13 billion and of that amount we’ve carved out 30 percent of it for climate change, agriculture and renewable energy. In fact, 20 percent of that $13 billion in the Americas will be devoted to climate change and renewable energy,” Butler said.

Read more at: CaribbeanNewsService