Reported about 9 hours ago
The Inter-American Development Bank (IDB) aims to raise at least $11 billion for climate finance through various initiatives, addressing the adverse effects of global warming. The bank will launch a new platform to help countries manage currency risks, facilitating private investment. Additionally, IDB plans to issue Amazonia Bonds to combat deforestation and expand an emergency relief fund for climate-related disasters. These efforts highlight the importance of innovative financial strategies to attract private sector funding in tackling climate challenges.
Source: YAHOO