Inter-American Development Bank leaders gather in Miami to debate next steps in biofuels

The leaders of the Inter-American Bank have gathered in Miami this week, with Latin American financing of energy projects in the spotlight. The IDB set sustainable production of biofuel as a priority last year, but refinanced only one $120 million Brazilian ethanol plant last year, while commissioning $1.5 million in studies of biofuels commercialization potential in El Salvador, Guatemala and other countries. IDB president Luis Alberto Moreno said that lack of information was a barrier to development.

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