IDB Fund for LAC - Fighting Plastic Pollution

Enriched Impact Investor · Found: 2026-03-11 11:09

Inter-American Development Bank project dedicated to combating plastic pollution and advancing circular economy in Latin America and Caribbean. Total project cost USD 80M. Project-specific fund with defined participants, not open application.

Source: https://iadb.org/en/project/RG-Q0067

Funding Details

Deadline

Not applicable — project-specific investment fund with defined participants, not an open competitive call (Unknown)

Contact

IDB Headquarters: https://iadb.org/en/who-we-are/country-offices/idb-headquarters — Information requests: https://iadb.org/en/who-we-are/ati-request-form

Last Checked

2026-03-15 11:52

Application Checklist

Eligibility

• Applicant must be a private sector company (SME or growth-stage) operating in LAC region
• Business model must directly promote plastic circular economy (collection, recycling, processing, or reuse)
• NGOs, non-profits, and public sector entities are not eligible for this equity investment vehicle

Project Scope

• Fund is equity-only — applicants must be willing to accept equity investment, not grants or loans
• Operations and impact must be located within Latin America and the Caribbean

Required Documents

• Project documentation available: Donors Memorandum (English and Spanish) from October 2021

Constraints

• Fund is in implementation phase with defined participants — no open public application window currently available

Historical Context

Project approved June 24, 2021. Financial agreement signed March 23, 2023. Currently in implementation phase as of March 2026. Circulate Capital previously operated an Asia-focused ocean fund before expanding to LAC with IDB support.

Why it was added

Impact investor/blended finance for plastic waste

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