IDB Sets Aside $700M For Eco-Friendly Projects In 2012

Law360, New York (March 21, 2012, 6:42 PM EDT) -- The Inter-American Development Bank expects to dole out more than $700 million in financing this year for private-sector green energy projects in Latin America and the Caribbean, the bank announced at its annual meeting, which concluded Monday.

In line with goals stemming from a 2010 capital increase, the IDB said a quarter of its lending portfolio is designated for environmentally sustainable endeavors. So, with a specific focus on projects involving wind, solar and hydroelectric power, the bank said it will work to address an elevated demand...
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