The Inter-American Development Bank (IDB) will allocate 73.5 million dollars to Colombia to promote the energy transition and to implement the Plan to Contain Deforestation in the Amazon.

The announcement took place during the bilateral meeting between the President of Colombia, Gustavo Petro, and the President of the IDB, Ilan Goldfajn, held this Wednesday within the framework of the World Economic Forum taking place in Davos (Switzerland).

In this context, it has been established that 70 million dollars from the IDB will be directed to strengthening the energy transition policy, one of the pillars of the Government of Colombia.

The remaining 3.5 million dollars will go to the Amazon basin through direct transfers for environmental conservation that help contain and stop deforestation, in coordination with local communities and under the leadership of the Colombian Ministry of Environment.

Source: dpa

(Reference image source: file)

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