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Uruguay to Push on Environmental-Linked Lending at Multilaterals

Oct. 13, 2021, 12:00 PM

Uruguay will push for cheaper multilateral loans for countries that implement strong environment policies, Finance Minister Azucena Arbeleche said, as the country prepares to take over a key committee at the World Bank and the International Monetary Fund.

“This would apply not only for bonds issued in capital markets, but could include loans disbursed by multilateral agencies,” Arbeleche said in an interview at the nation’s embassy in Washington.

As chair of the Development Committee starting next month, Arbeleche said she will also help developing countries obtain funding to fight climate change and “meet more ambitious climate goals,” as well as ...