Wednesday, January 21, 2015

Germany and the IDB Enter a New Decade of Partnership

Germany and the Inter-American Development Bank (IDB) will expand their long-standing partnership into newareas of collaboration, including climate change adaptation, renewable energy and energy efficiency, and climate-resilient urban infrastructure. In an open-ended agreement signed last week in Berlin by IDB President Luis Alberto Moreno and Hans-Joachim Fuchtel, German Governor and Parliamentary State Secretary to the Federal Minister for Economic Cooperation and Development (BMZ), the partners also committed to working together on shaping new financial mechanisms to promote climate-smart agriculture and reduce emissions from land use change, deforestation and forest degradation.

Germany is the top contributor to the IDB’s Sustainable Energy and Climate Change Initiative (SECCI), with more than US$21 million committed since the fund’s inception. Germany has been a driver of knowledge and innovation for the IDB, supporting the Bank on pioneering projects and efforts to mainstream sustainability issues within IDB operations.

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