strategy
Providing loans for the environment
Implementation:
In 1993, the Inter-American Development Bank (IDB) approved a record US$1,200 million in loans for 13 projects that will benefit the environment. Of these finances, 65% were directed to urban environmental projects and particularly water quality, and 35% were directed to green environmental projects and environmental institution building. Examples include among others: $130 million for environmental protection and resettlement at Yacyreta; $110.2 million for environmental management of, and $50 and $350 million loans to a sanitation programme for, Guanabara Bay basin in Brazil; in Argentina, $150 million for sanitation and flood control in the Reconquista river basin, and $5 and $25 million loans for the development of environmental institutions; $130 million for the Medellin river sanitation project, $58 and $23 million loans for the national environmental programem, Colombia; $14.9 million for an Ecuadorian coastal resource programem; and $16.7 million for natural resource management of a Hondurian reservoir watershed. Broader:
Providing loans Problems:
Bad loansBank fraud
Defaults on international loans
Deteriorating terms of international financial loans to vulnerable countries
Discrimination against women in banking
Domination of restrictive project loans by transnational banks
Excessive anxiety on overseas lending
Fraudulent loans
Inadequate diversification of loans to vulnerable countries
Insufficient programme funding
Limited availability of loans
Over-dependency on international financial institutions
Racial discrimination in according financial loans
Restrictive conditions on loans through intergovernmental facilities
Reverse flow of financial aid
Uncertainty of development programmes due to short-term loans
Unethical financial practices
Unpaid debts
Organizations:
Inter-American Development Bank Subjects:
Commerce → CreditEnvironment → Environment
Type Classification:
D: Detailed strategies Related UN Sustainable Development Goals:
