Seven innovative actions for Latin American and Caribbean development

2. A pioneering loan to reward Uruguay for meeting its ambitious environmental goals. This Development Policy and Reform Implementation Loan was aimed at supporting Uruguay's reform agenda to foster more sustainable, strong and resilient economic growth. The country could reduce its interest payments by USD 12.5 million if it were to achieve a verifiable decrease in methane gas emissions produced by its livestock sector. Have a look at the infographic to learn more about this innovative solution that can benefit other countries in the region and around the world.

3.  New productive methods for La Moskitia in Honduras: The World Bank has supported the people of La Moskitia to expand their socioeconomic activities and improve their living standards. The project, Improving the Livelihoods of Indigenous Miskito Peoples in La Moskitia, works with local communities to develop a sustainable, diversified and resilient local production system in the light of the many external shocks, including climate change, faced by the communities.

Video in Spanish

 4.   Cleanup of the Matanza-Riachuelo River Basin in Argentina: The World Bank is a strategic partner in the process of cleaning up the river basin to improve the environment and lives of four million people in one of the most polluted waterways in Latin America. Immerse yourself in this virtual experience and get an inside look at this infrastructure megaproject.

Video in Spanish

5. Protecting the Amazon is the right thing to do and is good for the economy of Brazil. The World Bank's recently finalized economic memorandum on Brazil's Legal Amazon proposes a different, balanced and sustainable development model that creates both natural and financial wealth. A key element of this model is the protection of the Amazon Forest.

6. More productive agriculture through the use of greenhouses in Jamaica: The World Bank has financed the promotion, restoration and rehabilitation of land in South-central Jamaica, bringing life to the region while supporting livelihoods and boosting economic growth. On his first official trip, the then new president of the World Bank, Ajay Banga, visited this innovative project.

7.  Green hydrogen to promote inclusive growth, better jobs and lower emissions in Chile. This World Bank project, the first of its kind, includes innovative financing mechanisms that encourage the use of green hydrogen, stimulate economic activity, generate employment and strengthen local capacity.

These initiatives demonstrate the potential of an innovative region that is not standing still. The region seeks to maximize productivity through joint creative efforts that seek to improve education, bolster opportunities and mitigate the negative effects of climate change – all aimed at achieving the goal of ending poverty and building a livable planet.