Following the Covid-19 pandemic, countries have been left with unprecedented rising debt levels, higher interest rates and diminished growth projections. Even though public funds are constrained, countries have agreed to ambitious targets to protect and conserve 30% of marine and terrestrial ecosystems in the Kunming-Montreal Global Biodiversity Framework as well as continue to … [Read more...] about How multilateral development banks can catalyse climate transformation
Environmental Finance Recognizes IDB’s Financial Transactions in Barbados and Uruguay
Leveraging additional finance to support the sustainability goals is crucial to address the financial gap for climate and biodiversity challenges in Latin America and the Caribbean. The Inter-American Development Bank is committed to supporting its member countries in achieving their ambitions under the Paris Agreement and the Montreal-Kunming Global Biodiversity Framework, and … [Read more...] about Environmental Finance Recognizes IDB’s Financial Transactions in Barbados and Uruguay
Guayaquil’s electric buses show potential of local implementation of NDC to support a sustainable recovery
The public transport sector in Ecuador has been one of the most affected sectors in the country by the pandemic. Initially, there was a significant drop in demand since in order to reduce infections the confinement of the population was imposed and mobility restricted. The country's current situation reflects its vulnerability to the health emergency, but its essential role … [Read more...] about Guayaquil’s electric buses show potential of local implementation of NDC to support a sustainable recovery