During the last decade, the IDB Group’s programs and projects have channeled 1.1 billion dollars of concessional resources, which has been complemented with 1.8 billion dollars of investment from the IDB Group and another 3.78 billion dollars from other sources, summing up more than 6.7 billion dollars.

The NDC Pipeline Accelerator fund, created in 2017, is one of the IDB’s largest instruments to finance climate action with actors from the public and private sectors and to attract additional sources of capital. The fund provides support to the countries of the Latin American and the Caribbean (LAC) region with technical assistance in the initial phase for low-carbon and climate-resilient projects through the mobilization of public and private investments aligned with the Sustainable Development Goals (SDGs) and the Nationally Determined Contributions (NDCs) to the Paris Agreement.

Some of the most relevant topics and projects covered by the NDC Pipeline Accelerator include:

• Electromobility: It has contributed to the creation of the first regional fund to promote electric mobility and green hydrogen in LAC, mobilizing 200 million dollars of concessional funds from the Green Climate Fund, that benefited countries such as Barbados, Chile, Colombia, Costa Rica, Jamaica, Panama, Paraguay, Dominican Republic and Uruguay.

• Green Bonds: Since 2018, the fund has expanded the Regional Green Bond Program, giving rise to new issuers and new sustainable mechanisms to promote green finance. Also, it has helped sovereign issuers to identify green and social spending in their budgets, create governance mechanisms to develop and manage sustainable sovereign programs.

• Debt-for-nature swap: Support for innovative financing plans to support debt-for-nature swaps. In Barbados, it has provided technical advice to the “Barbados Environmental Sustainability Fund” (BESF) for sustainability actions and the designation of marine protected areas.