IDB strategy for energy
Latin America and the Caribbean are rich in energy resources including hydrocarbons, hydroelectricity and biofuels. But this wealth is unevenly distributed. Approximately 20 million people lack access to modern electricity services, and fuel imports consume a growing percentage of smaller countries’ budgets. The IDB helps member countries expand the coverage and quality of energy services such as electricity and natural gas. The IDB also finances programs to improve energy efficiency, foster cross-border energy integration, and diversify the energy matrix by sustainably exploiting renewable and non-renewable energy sources.