(KBR, 22.Dec.2021) — KBR (NYSE: KBR) has been awarded a study to help establish a green hydrogen market in Trinidad and Tobago as part of an ongoing technical cooperation financed by the Inter-American Development Bank (IDB). Under the terms of the contract, KBR will analyze strategies for maximizing opportunities to […]
Tag: Inter-American Development Bank (IDB)
IMF Approves Extended Arrangement for Suriname
(IMF, 22.Dec.2021) — The Executive Board of the International Monetary Fund (IMF) approved a 36-month arrangement under the Extended Fund Facility (EFF) for Suriname in an amount equivalent to SDR472.8mn (about $688mn or 366.8% of quota). The Board’s decision enables an immediate disbursement equivalent to SDR39.4mn (about $55.1mn). The IMF […]
Guyana, Suriname Reveal Joint Gas Development Strategy
(S&P Global, 19.Aug.2021) — The presidents of Guyana and Suriname said Aug. 19 their countries will craft a joint strategy to develop their natural gas reserves to fuel their economic development, as well as to supply Brazil, their large southern neighbor. “Through the gas strategy, we will be working on […]
Trump Hits Wall With Bid To Place Ally At LatAm Bank
(Bloomberg, 7.Aug.2020) — Mexico called for delaying the election of a new chief for a key Latin American development bank amid controversy caused by U.S. President Donald Trump’s push to have a close ally at the helm of the institution. Mexico’s finance ministry announced Friday its support for a postponement […]
IDB Invest Supports Grupo Bancolombia to Issue the First Sustainable Bond
(IDB, 19.Jul.2019) — IDB Invest, member of the Inter-American Development Bank (IDB) Group, subscribed a bond in its entirety for 657,000 million Colombian pesos with Grupo Bancolombia. It is the first time a private company issues a sustainable bond in Colombia. It aims to increase financing for green and social projects and […]
Methane Fears Cloud Argentina’s Shale Oil And Gas Future
(Financial Times, Benedict Mander, 23.Sep.2018) — Green energy groups say huge shale oil and gas reserve is leaking greenhouse gases. Jorge Daniel Taillant used a $100,000 infrared camera this year to investigate whether oil and gas installations in Vaca Muerta were leaking toxic gases. The grainy black-and-white thermal images that […]
Venezuela Oil Sector Viable with $40/bbl
(Energy Analytics Institute, Piero Stewart, 15.Sep.2015) – “A $40 per barrel oil price is not a low price for Venezuela,” says Ramon Espinasa, oil economist at the Inter-American Development Bank (IDB), from Washington during an interview broadcast by Venezuelan radio station 99.9 FM. Venezuela’s oil sector is able to maintain […]