The legislation would increase the IDB's annual lending to
“As we continue looking for ways to step up our efforts to address global challenges posed by the COVID-19 pandemic, this important legislation renews
“With the growing economic adversities our region is confronting, caused by the COVID-19 pandemic or the destruction left behind after previous natural disasters, I'm proud to join
The legislation includes the following provisions:
* Authorizes the
* Encourages the creation of an IDB environmental fund and lending facility to strengthen environmental policies and safeguards, sustainability initiatives, and disaster preparedness in
* Recognizes the significant economic impact of the COVID-19 pandemic in the Western Hemisphere, as well as the impact of the Venezuelan refugee and migration crisis.
The full text of the