Leaders of Inter-American Development Bank (IDB) and International Monetary Fund (IMF) commit to stronger collaboration to address climate change and boost green finance in Latin America and the Caribbean (LAC). Enhanced cooperation between the two institutions aims to further strengthen combined efforts to identify and design reforms and provide capacity development in support of climate goals and can help attract such investments, including private capital.

The new IMF Resiliency and Sustainability Facility (RSF) was launched in October 2022 with the objective to help countries reduce macro-critical risks, strengthen economic stability and build resilience by tackling long-term structural challenges, including those related to climate change. In parallel, IDB is designing a facility to identify, prioritize and prepare a robust pipeline of green and resilient infrastructure projects across all key sectors.