- Released March 2, 2004
Destabilizing Investment in the Americas II
By Nadia Martinez and Jim Vallette
The InterAmerican Development Bank Fossil Fuel Financing 1992-2004
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.