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Regional multilaterals such as the IDB continue to hold their ground in Latin America and the Caribbean despite being overshadowed by heavyweight lenders like China, which has stepped up financing activity in recent years.
One area of increasing importance for the Washington DC-based bank is energy, which last year was the sector seeing the second highest number of IDB approvals after financial markets.
In 2015, the lender authorized US$1.42bn for 19 energy projects compared with US$1.11bn for 17 energy projects in 2014.
IDB's current pipeline of possible financing for energy reaches US$1.52bn for 27 projects.
In the following breakdown, BNamericas takes a look at some of the sector works and initiatives which could receive bank support.
- Increasing natural gas transport capacity
- Rural electrification program II
- Strengthening the national distribution grid
- Transmission program for renewable energy in the west and north of the country
- Solar: Llano Sanchez, Santiago and Tocumen
- Creation of a sustainable energy framework
- Boost development and improvement of Central America's power market
- Complementary studies to support the Andean energy integration process
For a look at recent IDB energy related content from BNamericas, check out the following reports: