ARE-IDB Cooperation

About IDB

IDB works to improve lives in Latin America and the Caribbean. Through financial and technical support for countries working to reduce poverty and inequality, we help improve health and education, and advance infrastructure. Our aim is to achieve development in a sustainable, climate-friendly way. With a history dating back to 1959, today IDB is the leading source of development financing for Latin America and the Caribbean. The development bank provides loans, grants, and technical assistance; and it conducts extensive research. IDB maintains a strong commitment to achieving measurable results and the highest standards of increased integrity, transparency, and accountability.

To address the identified three main development challenges – social inclusion and inequality, productivity and innovation, and economic integration the Bank has established it current Institutional Strategy (add hyperlink) to address the following goals:

• Reducing poverty and social inequalities;
• Addressing the needs of small and vulnerable countries;
• Fostering development through the private sector; 
• Addressing climate change, renewable energy and environmental sustainability; and
• Promoting regional cooperation and integration.

The ARE-IDB Cooperation

Based on their common interest to promote SEforALL targets IDB and ARE have expressed their interest to work together with the objective. In this regards ARE has been commissioned to develop a common ARE-IDB Publication on Innovative Business Models for Clean Energy Access (private sector) and with key recommendations for best working regulatory frameworks (public sector) for Latin America.

The purpose of this publication focussing on decentralised renewable energy technologies and business solutions is:

• to enhance market and business development through sharing intelligence and best practices of the sector, including aspects related to costs of investment, operation and maintenance, as well as the sustainability of the operation of the systems on the long run
• to promote multi-stakeholder dialogues (including NGO, academia and civil society)
• to raise awareness and to increase visibility of ARE in LAC

Based on the findings from the publication and experiences from Members, ARE was invited to carry out two rural electrification trainings in Washington and Suriname in 2018.

Project period:

2017 - 2018