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WASHINGTON, May 16, 2024 /PRNewswire/ -- IDB Invest will hold
its flagship event IDB Invest Sustainability Week in Manaus,
Brazil, in the heart of the
Amazon. More than 500 global leaders will gather on June 11-13 to discuss the role of the private
sector in scaling impact in Latin
America and the Caribbean.
The event's theme this year is "Co-Creating Impact" and will
provide a high-level forum for CEOs, government officials,
development practitioners, and ESG specialists to network and share
best practices in impact investing, Amazonia, inclusion, bioeconomy
and climate change.
"Latin America and the
Caribbean is the world leader in
nature and biodiversity, playing a pivotal role in the global
climate balance," said James
Scriven, CEO of IDB Invest. "The private sector has a
leading role to play to scale up sustainable business solutions and
mobilize impact investors to the region."
Latin America and the
Caribbean is home to the Amazon
Rainforest, which absorbs one fourth of all total CO2 on earth.
There is growing scientific consensus that the Amazon Basin is
reaching an ecological tipping point and urgent action is
needed.
"The world has changed dramatically over the last few years,"
said Mr. Scriven. "The operating principles from before are no
longer sufficient to address today's complex and overlapping
challenges. Through our new originate-to-share business model, IDB
Invest is connecting private sector clients and like-minded
investors who see the potential of Latin
America and the Caribbean."
The Amazon region comprises nine countries in Latin America and the Caribbean with over 60 million people,
including hundreds of indigenous groups. The Amazon region is
critical to ecosystems worldwide, providing 40% of Latin America's fresh water.
For more information about the event, visit:
https://www.idbinvest.org/en/sustainability/sustainability-week-2024
About IDB Invest
IDB Invest, a member of the
Inter-American Development Bank Group, is a multilateral
development bank committed to promoting the economic development of
its member countries in Latin
America and the Caribbean
through the private sector. IDB Invest finances sustainable
companies and projects to achieve financial results and maximize
economic, social, and environmental development in the region. With
a portfolio of $21 billion in assets
under management and 394 clients in 25 countries, IDB Invest
provides innovative financial solutions and advisory services that
meet the needs of its clients in a variety of industries.
Contact: Ana Lucia Escudero,
analuciae@iadb.org
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