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There are 12 initiatives in which the IDB and IDB Invest work to promote sustainable instruments for development. Find out what the bank does in each of them by sector and country.
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Building Climate Resilience: AT&T’s pioneering approach to tackle Climate Risks

With the growing frequency and severity of extreme weather events, climate change threatens AT&T´s infrastructure and adds hundreds of millions of dollars to the cost of disaster recovery.That’s why, in addition to their commitment to reach carbon neutrality, is working to make the company more resilient to the impacts of climate change on future generations. They've been collaborating recently with climate experts to develop an industry-leading Climate Change Analysis Tool (CCAT), that visualizes and projects which neighborhoods and which pieces of infrastructure will be at risk in the future. Using detailed maps, their aim to improve the resilience of the network so they customers can continue to count on vital network connections in the aftermath of future disasters. They’re also sharing their climate data publicly so that communities can take steps to prepare and build climate resilience for their citizens.


Brazil to uphold MSMEs financial sustainability during the COVID-19 crisis

Brazil will uphold the short-term financial sustainability and promote the economic recovery of micro, small and medium-sized enterprises (MSMEs) to support employment and tackle the COVID-19 crisis with a $750 million loan from the Inter-American Development Bank (IDB). The project takes a multisector approach through productive financing with disbursements based on demand of credit lines that are expected to benefit more than 11,000 MSMEs affected by the crisis. The program’s resources will be used by Brazil’s development bank, the Banco Nacional de Desenvolvimento Econômico e Social (BNDES) to deliver financing to MSMEs through a network of accredited financial institutions to make up for the scarcity of short-term capital, overcome temporary liquidity problems, and provide continuity to their operations. They will also foster productive investment recovery and acquisition of production-oriented assets such as machinery, equipment, vehicles, and goods and services for production. According to a recent survey on the COVID-19 impact on small businesses, 88.9 percent of Brazilian entrepreneurs have reported drops in revenue –of 69 percent on average– compared to a normal week. In addition, 58.9 percent said they had temporarily shut down, and nearly 68.1 percent said they needed financing to continue operating without downsizing staff. In this context, this financing is an essential factor to help boost the chances of those MSMEs with a competitive advantage to enter, consolidate their position, and remain in the market. It can also help them narrow productivity gaps by making available resources that they can use to modernize production and reach out to new markets. Another program goal is to ensure the survival of MSMEs in a context of adverse shocks, particularly amid tightening credit in times of crisis. In safeguarding Brazil’s productive fabric from the economic hardships associated with the pandemic, the challenge will be to keep open as many as possible of the MSMEs that were commercially viable before the crisis, while supporting the recovery of those that can continue operating normally through financing for production-oriented investments. The $750 million IDB loan is for a 25-year term, a grace period of five and a half years and an interest rate based on LIBOR and has a local counterpart of $150 million.


Environmental and Social Policy Framework

The ESPF sets ambitious new standards in several areas and provides IDB’s clients with leading-edge provisions to tackle environmental and social issues. It elevates respect for human rights to the core of environmental and social risk management and includes a dedicated, stand-alone standard on gender equality. A new standard on labor and working conditions aligns with the core international conventions and instruments. The new policy framework also includes consideration of risks associated with pandemics and epidemics, and it aligns with international best practices on biodiversity protection and conservation. In addition, the ESPF stipulates when free, prior, and informed consent is required from indigenous peoples, mandates protections for African descendants and persons with disabilities, and requires consideration of race, ethnicity, age, and social conditions. To obtain open, transparent, and inclusive engagement around projects, the ESPF also includes a stand-alone stakeholders’ engagement and information disclosure standard, which requires clients to routinely implement grievance mechanisms. Moreover, an exclusion list now identifies activities that the IDB will not finance because they could adversely impact people and the environment, or because they are inconsistent with the IDB’s commitment to addressing climate change and promoting environmental and social sustainability. You may review the Environmental and Social Policy Framework in the four official languages of the IDB: -English -Spanish -French -Portuguese The IDB now enters a period of approximately one year during which it will help clients prepare to implement the new policy framework. Once this period is over, the ESPF will apply to the preparation and execution of all new IDB-financed operations. Except for the two purposes described below, the ESPF will supersede the following IDB environmental and social operational policies once it becomes effective: the Environment and Safeguards Compliance Policy (OP-703), the Disaster Risk Management Policy (OP-704), the Involuntary Resettlement Policy (OP-710), the Policy on Gender Equality in Development (OP-761), and the Indigenous Peoples Policy (OP-765). IDB environmental and social operational policies (OP-703; OP-704; OP-710; OP-761; and OP-765) will continue to apply for the following two purposes: Regarding safeguards, for the implementation of operations approved prior to the effectiveness of the ESPF. For all matters related to the Bank's mainstreaming work regarding such policies. “Mainstreaming” refers to IDB’s proactive actions to address environmental and social issues strategically as cross-cutting dimensions of development. These issues include protecting the environment, supporting disaster risk management, and facilitating rapid assistance in response to disasters, promoting development with identity for Indigenous Peoples, and gender equality.



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