This report examines the InterAmerican Development Bank’s (IDB) investments in fossil fuels over a 12-year time span, and finds that the the development bank is pushing fossil fuel financing similar to that of the World Bank, on a smaller scale. It also finds that the largest corporate beneficiaries of this finance are based in the U.S. It also explores the energy integration trend being pushed by the IDB, a trend that also favors the movement of goods from South to North, favoring corporate profits over human needs.
Destabilizing Investment in the Americas II
The InterAmerican Development Bank Fossil Fuel Financing 1992-2004
March 2, 2004
Nadia Martinez, Jim Vallette