Federal Independent Agencies
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Inter-American Development Bank: MDBs Launch New Guidance at COP30 to Measure Nature and Scale Its Financing
WASHINGTON, Nov. 15 -- The Inter-American Development Bank issued the following news release on Nov. 14, 2025:
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MDBs Launch New Guidance at COP30 to Measure Nature and Scale Its Financing
BELEM, Brazil -- The Inter-American Development Bank Group (IDB Group) and the European Investment Bank Group (EIB Group), on behalf of the Multilateral Development Banks Nature Working Group and in collaboration with the government of Brazil, today launched "Financing Nature: A Practitioner's Guide to Results Metrics Selection," a new tool to measure nature outcomes and accelerate investment in nature.
... Show Full Article
WASHINGTON, Nov. 15 -- The Inter-American Development Bank issued the following news release on Nov. 14, 2025:
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MDBs Launch New Guidance at COP30 to Measure Nature and Scale Its Financing
BELEM, Brazil -- The Inter-American Development Bank Group (IDB Group) and the European Investment Bank Group (EIB Group), on behalf of the Multilateral Development Banks Nature Working Group and in collaboration with the government of Brazil, today launched "Financing Nature: A Practitioner's Guide to Results Metrics Selection," a new tool to measure nature outcomes and accelerate investment in nature.
Tropical countries need $67 billion a year in investment by 2030 to halt forest loss and restore degraded areas. But nature measurement remains fragmented, with over 600 indicators and hundreds of metrics that often track activities instead of ecological outcomes - slowing investment and scale.
The guidance aims to unlock private capital for nature and climate by helping project developers and investors select robust, outcome-oriented nature metrics that align with global standards.
The launch took place at a high-level event hosted by Brazil's Ministry of Environment and Climate Change during COP30. The session featured opening speeches by Joao Paulo Capobianco, executive secretary of the Ministry of Environment and Climate Change, and the president of the IDB Group, Ilan Goldfajn, followed by a panel of global leaders on nature financing.
"Investing in nature is investing in resilience and sustainable development," said Goldfajn. "But we cannot manage what we don't measure, and we cannot finance what we cannot explain. This guidance, the Belem Framework for Nature Finance, which we call 'Belem Alignment,' turns ambition into action by providing practitioners with common nature metrics that investors can trust."
"Nature-positive investments are essential for achieving climate and economic resilience objectives," said EIB Vice-President Ambroise Fayolle. "The guidance we are launching today is a key step toward ensuring that mobilized financial flows deliver real and lasting benefits for people, climate, and biodiversity."
Drawing on reviews of more than 70 institutions, 10 frameworks, and 156 metrics, and developed with technical support from The Biodiversity Consultancy, the guidance promotes metrics that:
* Avoid nature-washing through evidence-based claims
* Align with leading standards from the Nature Positive Initiative, Finance for Biodiversity, International Finance Corporation, and the International Capital Market Association
* Measure nature outcomes, not just activities
* Strengthen monitoring and verification systems with traceability and community participation
* Link outcome results to financing through clear, easy-to-understand metrics that investors can trust.
The guidance is being piloted by the IDB in support of Eco Invest's fourth auction, which expands long-term financing for the bioeconomy and nature-based projects with defined biodiversity outcomes. Eco Invest has already mobilized over $13 billion through its first three auctions.
The guidance is a voluntary, flexible, and user-oriented tool, applicable across asset classes and ecosystems. While not an operational requirement for multilateral development banks (MDBs), it is designed to help governments, financial institutions, and NGOs improve efficiency, comparability, and credibility in nature measurement and finance.
As COP30 brings climate and nature together on the global stage, the IDB and EIB Groups reaffirm their commitment to making nature measurement and finance more usable, scalable, and tied to measurable outcomes. The guidance is a key deliverable of the "MDBs' Viewpoint Note: MDBs Working as a System for Impact and Scale," and reflects implementation of the MDBs Joint Statement on Nature, People, and Planet.
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The IDB Group at COP30
The IDB Group is holding more than 80 events at COP30 to present solutions aimed at closing financing gaps for resilient development through partnerships, innovation, and a focus on measurable impact in Latin America and the Caribbean. Journalists present are invited to visit our spaces, with no registration required: the IDB Group Pavilion in the Blue Zone, the IDB Group Pavilion in the Green Zone, and the AMAZONIA SEMPRE Station at the Goeldi Museum. Follow our COP30 page for all news and event schedules.
The IDB Group is acting as a bridge - connecting governments and investors, the public and private sectors, people and communities - to mobilize at least $6 billion in announcements that help close financing gaps for resilient development and support national priorities.
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About the IDB Group
The Inter-American Development Bank Group (IDB Group) is the leading source of financing and knowledge for improving lives in Latin America and the Caribbean. It comprises the IDB, which works with the region's public sector and enables the private sector; IDB Invest, which directly supports private companies and projects; and IDB Lab, which spurs entrepreneurial innovation.
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About the EIB Group
The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. The EIB finances investments in eight core priorities that support EU policy objectives: climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and the bioeconomy, social infrastructure, a stronger Europe in a more peaceful and prosperous world and Europe's capital markets union. The EIB Group, which also includes the European Investment Fund (EIF), signed nearly Euros89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe's competitiveness and security. Approximately half of the EIB's financing within the EU targets cohesion regions, where per-capita income is below the EU average, while almost 60% of annual EIB Group investments support climate action and environmental sustainability.
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Original text here: https://www.iadb.org/en/news/mdbs-launch-new-guidance-cop30-measure-nature-and-scale-its-financing
IDB Group Launches New Tools to Improve Disaster Risk Management
WASHINGTON, Nov. 15 -- The Inter-American Development Bank issued the following news release:
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IDB Group Launches New Tools to Improve Disaster Risk Management
Two technological solutions and a collaboration with Google and the World Meteorological Organization to strengthen regional resilience
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BELEM, Brazil --The Inter-American Development Bank Group (IDB Group) launched two tools at COP30 to help Latin American and Caribbean countries assess the risks and costs of disasters with greater precision.
RiskMONITOR, a tool developed by the IDB Group, visualizes data on disaster risk and
... Show Full Article
WASHINGTON, Nov. 15 -- The Inter-American Development Bank issued the following news release:
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IDB Group Launches New Tools to Improve Disaster Risk Management
Two technological solutions and a collaboration with Google and the World Meteorological Organization to strengthen regional resilience
*
BELEM, Brazil --The Inter-American Development Bank Group (IDB Group) launched two tools at COP30 to help Latin American and Caribbean countries assess the risks and costs of disasters with greater precision.
RiskMONITOR, a tool developed by the IDB Group, visualizes data on disaster risk andits management and evolution over time across countries. It is based on 20 years of accumulated knowledge and uses specific indicators to assess each country's level of preparedness, disaster-response capacity, resource availability, and degree of vulnerability.
RiskHUB is a platform that uses emerging technology such as artificial intelligence to project potential disaster impacts and apply this information to emergency response, territorial planning, infrastructure design, and the development of fiscal policy. It is intended for experts on risk assessment in both the public and private sectors.
RiskMONITOR and RiskHUB are part of Ready and Resilient Americas, a regional program launched by the IDB Group this year to increase disaster resilience. The program's three pillars are: improving information on disaster risks, strengthening coordination mechanisms for an effective regional response, and implementing innovative financial instruments to enhance resilience and protect against disasters.
In addition, the IDB Group is collaborating with Google and the World Meteorological Organization (WMO) to expand the region's adoption of two cutting-edge tools: the Common Alerting Protocol (CAP) and Flood Hub, a Google platform for flood monitoring. Authorities can use CAP to share critical safety alerts simultaneously across multiple communication channels, including sirens, radio, television, smartphones, and the internet. Flood Hub uses artificial intelligence and satellite data to provide flood forecasts up to seven days in advance.
This year, the IDB Group worked with Google in Honduras, one of the most disaster-prone countries in Latin America and the Caribbean, to support the first adoption of CAP and Flood Hub in the region.
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The IDB Group at COP30
The IDB Group is holding more than 80 events at COP30 to present solutions aimed at closing financing gaps for resilient development through partnerships, innovation, and a focus on measurable impact in Latin America and the Caribbean. Journalists present are invited to visit our spaces, with no registration required: the IDB Group Pavilion in the Blue Zone, the IDB Group Pavilion in the Green Zone, and the AMAZONIA SEMPRE Station at the Goeldi Museum. Follow our COP30 page for all news and event schedules.
The IDB Group is acting as a bridge - connecting governments and investors, the public and private sectors, people and communities - to mobilize at least $6 billion in announcements that help close financing gaps for resilient development and support national priorities.
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About the IDB Group
The Inter-American Development Bank Group (IDB Group) is the leading source of financing and knowledge for improving lives in Latin America and the Caribbean. It comprises the IDB, which works with the region's public sector and enables the private sector; IDB Invest, which directly supports private companies and projects; and IDB Lab, which spurs entrepreneurial innovation.
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Original text here: https://www.iadb.org/en/news/idb-group-launches-new-tools-improve-disaster-risk-management
USPS reports fiscal year 2025 results
WASHINGTON, Nov. 14 -- The U.S. Postal Service issued the following news release:
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USPS reports fiscal year 2025 results
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* Operating revenue was $80.5 billion, a 1.2 percent increase, due largely to growth in USPS Ground Advantage and strategic price increases
* Net loss decreased $542 million compared to prior year while controllable loss increased by $900 million, reflecting lower than expected revenues from our package business
* Transportation expense reductions of $422 million reflect continued progress of network optimization
WASHINGTON \- The U.S. Postal Service today
... Show Full Article
WASHINGTON, Nov. 14 -- The U.S. Postal Service issued the following news release:
* * *
USPS reports fiscal year 2025 results
*
* Operating revenue was $80.5 billion, a 1.2 percent increase, due largely to growth in USPS Ground Advantage and strategic price increases
* Net loss decreased $542 million compared to prior year while controllable loss increased by $900 million, reflecting lower than expected revenues from our package business
* Transportation expense reductions of $422 million reflect continued progress of network optimization
WASHINGTON \- The U.S. Postal Service todayannounced its financial results for the 2025 fiscal year ended September 30. Controllable loss, which excludes certain expenses that are not controllable by management, was $2.7 billion for the year, compared to $1.8 billion for the prior year.
Net loss for the year under generally accepted accounting principles (GAAP) totaled $9.0 billion, compared to a net loss of $9.5 billion for the prior year. This decrease in net loss is attributed to our operating revenue increase of $916 million, transportation expense reductions of $422 million, and a decrease in workers' compensation expense of $1.1 billion, partially offset by increased compensation and benefits expense of $1.7 billion, and higher other operating expenses of $221 million.
"In surveying the results of the past year, the occasional appearance of financial progress - such as our profitable first quarter - is far outweighed by the reality of our significant systemic annual revenue and cost imbalance," said Postmaster General David Steiner. "To correct our financial imbalances, we must explore new revenue opportunities and public policy changes to improve our business model. Most importantly, we must operate more efficiently and compete more effectively to best perform our public service mission."
The Postal Service is seeking further administrative and legislative reforms to remedy outdated and unwarranted financial and regulatory burdens. These reforms include: changes in retiree pension benefit funding rules for the Civil Service Retirement System (CSRS) benefits, diversification of pension assets, raising the statutory debt ceiling, and workers' compensation administration reform.
Total operating revenue was $80.5 billion for the year, an increase of $916 million, or 1.2 percent, compared to the prior year. The increase was due largely to continued growth of our USPS Ground Advantage shipping service as well as strategic price increases in both of our mail and shipping categories.
First-Class Mail revenue increased $370 million, or 1.5 percent, on a volume decline of 2.2 billion pieces, or 5.0 percent, compared to the prior year. Marketing Mail revenue increased $350 million, or 2.3 percent, on a volume decline of 764 million pieces, or 1.3 percent, compared to the prior year. Shipping and Packages revenue increased $315 million, or 1.0 percent, on a volume decline of 415 million pieces, or 5.7 percent, compared to the prior year.
Total operating expenses were nearly $89.8 billion for the year, an increase of $317 million, or 0.4 percent, compared to the prior year. The overall increase in operating expenses was primarily due to increases in compensation costs and other operating costs, including the incentivized voluntary early retirement offer to certain employees, partially offset by the impact of discount rates on workers' compensation costs and lower transportation costs.
"The financial results reflect the difficulties of our mandated cost structure and the continued decline in volume, offset to some degree by the Postal Service's efforts to push back against those trends by aggressively managing the costs we can control and by the judicious use of our pricing authority," said Chief Financial Officer Luke Grossmann. "We remain focused on moving toward financial sustainability through growing our USPS Ground Advantage package business, creating additional operational efficiencies, and developing product strategies to generate growth."
Fiscal Year 2025 Operating Revenue and Volume by Service Category Compared to Prior Year
The following table presents revenue and volume by service category for the years ended September 30, 2025 and 2024:
Revenue
Volume
(revenue in $ millions; volume in millions of pieces)
2025
2024
2025
2024
Service Category
First-Class Mail
$
25,769
$
25,399
42,049
44,277
Marketing Mail
15,734
15,384
56,756
57,520
Shipping and Packages
32,580
32,265
6,837
7,252
International
1,265
1,446
250
289
Periodicals
882
909
2,443
2,746
Other
4,223
4,134
360
372
Total operating revenue and volume
$
80,453
$
79,537
108,695
112,456
Selected Fiscal Year 2025 Revenue Results of Operations and Non-GAAP Measures
This news release includes c ontrollable loss which is not calculated and presented in accordance with GAAP. This non-GAAP measure is calculated as net loss adjusted for costs outside of management's control, including workers' compensation expense caused by actuarial revaluation and discount rate changes and the amortization of the CSRS and Federal Employee Retirement System (FERS) unfunded liabilities. These latter costs not only are largely outside of management's control but also can fluctuate significantly based on actuarial assumptions and interest rates.
This non-GAAP measure provides meaningful information to assist users of the Postal Service's financial statements to more fully understand the financial results and assess the Postal Service's ongoing performance because it excludes items that may not be indicative of, or are unrelated to, underlying operations.
Non-GAAP financial measures should be considered in addition to, and not as an alternative for, the Postal Service's reported results prepared in accordance with GAAP. This adjusted financial information does not represent a comprehensive basis of accounting.
The following table reconciles GAAP net loss to our non-GAAP financial measure for the years ended September 30, 2025 and 2024:
(results in $ millions)
2025
2024
Net loss
$
(8,978)
$
(9,520)
Workers' compensation non-cash expense 1
972
2,164
CSRS unfunded liability amortization expense 2
3,122
3,245
FERS unfunded liability amortization expense 3
2,159
2,286
Controllable loss
$
(2,725)
$
(1,825)
1 Represents workers' compensation non-cash expense resulting from fluctuations in discount rates, changes in assumptions, valuation of new claims, revaluation of existing claims, and the administrative fee paid to the U.S. Department of Labor, less current year claim payments.
2 Expense for the annual payments due September 30 of the respective year, calculated by the Office of Personnel Management (OPM), to amortize the unfunded CSRS retirement obligation. Payments are to be made through 2043 based on OPM invoices.
3 Expense for the annual payments due September 30 of the respective year, calculated by OPM, to amortize the unfunded FERS retirement obligation. Payments are to be made over a 30-year rolling period based on OPM invoices.
Financial results in the Form 10K are available at http://about.usps.com/what/financials/.
Forward-Looking Statements
Forward-looking statements contained in this release represent the Postal Service's best estimates of known and anticipated trends believed relevant to future operations. However, actual results may differ significantly from current estimates. Certain forward-looking statements included in this release use such words as "may," "will," "could," "expect," "believe," "plan," "estimate," "project," or other similar terminology. These forward-looking statements, which involve a number of risks and uncertainties, reflect current expectations regarding future events and operating performance as of the date of this report. The Postal Service has no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
The United States Postal Service is an independent federal establishment, mandated to be self-financing and to serve every American community through the affordable, reliable and secure delivery of mail and packages to more than 170 million addresses six and often seven days a week. Overseen by a bipartisan Board of Governors, the Postal Service is celebrating its 250th year of service to customers amidst a network modernization plan aimed at restoring long-term financial sustainability, improving service, and maintaining the organization as one of America's most valued and trusted brands.
The Postal Service generally receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.
For USPS media resources, including broadcast-quality video and audio and photo stills, visit the USPS Newsroom. Follow us on X, formerly known as Twitter ; Instagram ; Pinterest ; Threads ; and LinkedIn. Subscribe to the USPS YouTube Channel and like us on Facebook. For more information about the Postal Service, visit usps.com and facts.usps.com.
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Original text here: https://about.usps.com/newsroom/national-releases/2025/1114-usps-reports-fiscal-year-2025-results.htm
USPS recommends new competitive prices for 2026
WASHINGTON, Nov. 14 -- The U.S. Postal Service issued the following news release:
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USPS recommends new competitive prices for 2026
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* Postal Service continues to offer great values for shipping and reliable service to the American people.
* Pricing actions are part of a balanced approach under the Postal Service's 10-year transformation plan for achieving financial sustainability and service excellence.
* As previously announced, the Postal Service will not raise prices in January for Mailing Services; the price of a First-Class Mail stamp will remain unchanged.
WASHINGTON The Postal
... Show Full Article
WASHINGTON, Nov. 14 -- The U.S. Postal Service issued the following news release:
* * *
USPS recommends new competitive prices for 2026
*
* Postal Service continues to offer great values for shipping and reliable service to the American people.
* Pricing actions are part of a balanced approach under the Postal Service's 10-year transformation plan for achieving financial sustainability and service excellence.
* As previously announced, the Postal Service will not raise prices in January for Mailing Services; the price of a First-Class Mail stamp will remain unchanged.
WASHINGTON The PostalService today filed notice with the Postal Regulatory Commission (PRC) for Shipping Services price changes to take effect Jan. 18, 2026. The proposed adjustments were approved by the governors of USPS this week.
The change would raise prices approximately 6.6 percent for Priority Mail service, 5.1 percent for Priority Mail Express service, 7.8 percent for USPS Ground Advantage and 6.0 percent for Parcel Select.
Although Mailing Services price increases are based on the consumer price index, Shipping Services prices are primarily adjusted according to market conditions. The governors believe these new rates will keep the Postal Service competitive while providing the organization with needed revenue. As the Postal Service previously announced, the organization will not raise prices in January for Mailing Services. This means the price of a First-Class Mail stamp will not change.
As part of the Postal Service's network modernization and transformation plan, these proposed changes will support creation of a revitalized organization capable of achieving its public service mission providing a nationwide, integrated network for the delivery of mail and packages at least six days a week in a cost-effective and financially sustainable manner over the long term, just as the U.S. Congress has intended.
The PRC will review the changes before they are scheduled to take effect. The complete Postal Service price filing, with prices for all products, can be found on the PRC website under the Daily Listings section at prc.arkcase.com/portal/filings. The Shipping Services filing is Docket No. CP2026-2. The price tables are also available on the Postal Service's Postal Explorer website at pe.usps.com/PriceChange/Index.
The United States Postal Service is an independent federal establishment, mandated to be self-financing and to serve every American community through the affordable, reliable and secure delivery of mail and packages to more than 170 million addresses six and often seven days a week. Overseen by a bipartisan Board of Governors, the Postal Service is celebrating its 250th year of service to customers amidst a network modernization plan aimed at restoring long-term financial sustainability, improving service, and maintaining the organization as one of America's most valued and trusted brands.
The Postal Service generally receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.
***
Original text here: https://about.usps.com/newsroom/national-releases/2025/1114-usps-recommends-new-competitive-prices-for-2026.htm
MEDIA ADVISORY: Nov 18 Meeting on the Contact of Containership Dali with...
WASHINGTON, Nov. 14 -- The National Transportation Safety Board issued the following news release:
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MEDIA ADVISORY: Nov 18 Meeting on the Contact of Containership Dali with...
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WASHINGTON (Nov. 10, 2025) The National Transportation Safety Board will hold a public board meeting Nov. 18 to determine the probable cause of the contact of the containership Dali with the Francis Scott Key Bridge and subsequent bridge collapse. The board meeting will also be livestreamed.
The Dali was transiting out of Baltimore Harbor on March 26, 2024, when it experienced a loss of electrical power and
... Show Full Article
WASHINGTON, Nov. 14 -- The National Transportation Safety Board issued the following news release:
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MEDIA ADVISORY: Nov 18 Meeting on the Contact of Containership Dali with...
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WASHINGTON (Nov. 10, 2025) The National Transportation Safety Board will hold a public board meeting Nov. 18 to determine the probable cause of the contact of the containership Dali with the Francis Scott Key Bridge and subsequent bridge collapse. The board meeting will also be livestreamed.
The Dali was transiting out of Baltimore Harbor on March 26, 2024, when it experienced a loss of electrical power andpropulsion and struck the southern pier supporting the central truss spans of the Francis Scott Key Bridge, which subsequently collapsed. Six construction crewmembers on the bridge at the time of the contact were fatally injured, one construction crewmember was seriously injured and one crewmember on the Dali was injured.
During the meeting, the NTSB's board will vote on the findings, probable cause and safety recommendations as well as any changes to the draft final report.
Members of the public and the media can attend in person or view a live webcast of the meeting.
A synopsis of the board meeting will be available after the meeting concludes. The complete final report will be available in several weeks on NTSB.gov.
Additional factual information is included in the public docket for the investigation. The docket includes reports, interview transcripts and other investigative materials.
WHAT: Board meeting on the March 26, 2024, contact of the containership Dali with the Francis Scott Key Bridge and subsequent bridge collapse.
WHO: NTSB investigative staff and board members
WHEN: Tuesday, Nov. 18 at 9:30 a.m. Eastern time
WHERE: NTSB Boardroom and Conference Center, 429 L'Enfant Plaza, SW, Washington, DC. The street entrance to the NTSB Boardroom and Conference Center is located on 10th Street, SW, running between D Street and Frontage Road, SW, just below the L'Enfant Plaza Promenade. The boardroom is also accessible from L'Enfant Plaza Metro through the food court.
MEDIA: After clearing security, members of the news media should sign in at the media room, just to the left of the entrance to the boardroom. Media planning to attend should RSVP to mediarelations@ntsb.gov.
LIVESTREAM: A link to the livestream of the webcast will be available shortly before the start of the meeting..
NTSB Chairwoman Jennifer Homendy will take questions from reporters during a media session scheduled to start 30 minutes after the board meeting ends.
To report an incident/accident or if you are a public safety agency, please call 1-844-373-9922 or 202-314-6290 to speak to a Watch Officer at the NTSB Response Operations Center (ROC) in Washington, DC (24/7).
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Original text here: https://www.ntsb.gov/news/press-releases/Pages/nr-20251110.aspx
IDB Group Announces Platform With Euros15 Million From Germany to Expand Power Grids in Latin America and the Caribbean
WASHINGTON, Nov. 14 -- The Inter-American Development Bank issued the following news release on Nov. 13, 2025:
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IDB Group Announces Platform with Euros15 Million from Germany to Expand Power Grids in Latin America and the Caribbean
BELEM, Brazil -- The Inter-American Development Bank Group (IDB Group) today announced the Power Transmission Acceleration Platform (PTAP), a new regional effort to help countries in Latin America and the Caribbean expand and modernize their energy grids and close the infrastructure gap.
The announcement followed a bilateral meeting between IDB Group President
... Show Full Article
WASHINGTON, Nov. 14 -- The Inter-American Development Bank issued the following news release on Nov. 13, 2025:
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IDB Group Announces Platform with Euros15 Million from Germany to Expand Power Grids in Latin America and the Caribbean
BELEM, Brazil -- The Inter-American Development Bank Group (IDB Group) today announced the Power Transmission Acceleration Platform (PTAP), a new regional effort to help countries in Latin America and the Caribbean expand and modernize their energy grids and close the infrastructure gap.
The announcement followed a bilateral meeting between IDB Group PresidentIlan Goldfajn and State Secretary Jochen Flasbarth of Germany's Federal Ministry for the Environment, Climate Action, Nature Conservation, and Nuclear Safety.
During the meeting, German authorities announced their intention to contribute up to 15 million euros (about $17.3 million) through the International Climate Initiative to support PTAP's implementation, including 3 million euros (about $3.5 million) to directly support the 16 countries participating in the Renewables in Latin America and the Caribbean (RELAC) initiative - focused on reaching at least 80% renewable electricity by 2030.
"Energy security in Latin America and the Caribbean depends on more than generation. It depends on having a reliable and resilient transmission grid," said President Goldfajn. "With Germany's support, PTAP will help countries strengthen transmission, unlock investment, and build more resilient energy systems. The IDB Group is acting as a bridge - connecting national priorities with global capital," he added.
"Grids are the backbone of the global energy transition; they are essential for achieving the target of tripling renewable-energy capacity by 2030. Germany, together with key partners, has prepared a 'grids package' for COP30 and our collaboration with the IDB is part of that. As a longstanding partner of Latin America and the Caribbean, Germany is honored to contribute to PTAP and welcomes the RELAC declaration on grids. PTAP and the declaration both support the transition towards resilient, decarbonized energy systems, provide opportunities for the private sector, and enhance regional cooperation," said State Secretary Flasbarth.
PTAP is a regional platform that supports countries in modernizing and expanding their power grids by improving planning, permitting, regulation, and investment frameworks. It is designed to crowd-in private capital, reduce project delays, and connect more renewable energy to the grid.
PTAP, which will be formally presented to partner governments and international institutions on November 15 at COP30, will be accompanied by three other key announcements:
* The Belem Declaration on Grids, endorsed by RELAC member countries, committing to accelerate transmission and storage;
* The "Unlocking the Grid" flagship report, outlining how to close the transmission-investment gap - projected to require tripling annual investment by 2035;
* And the IDB Group's support for the Climate Finance Principles for Green Grids, launched by the Green Grids Initiative at COP30.
Over the past decade, the IDB Group has financed over $1 billion for transmission projects and supported regulatory reforms across the region. PTAP now adds dedicated capacity to convert plans into bankable projects, linking national energy priorities to regional public goods and global climate goals.
Germany's announcement reinforces a broader partnership with the IDB Group under the International Climate Initiative (IKI), which has delivered more than 135 million euros (about $156.4 million) in support for climate and nature programs across Latin America and the Caribbean since 2016. Recent initiatives include investments and reforms in fiscal policy, biodiversity, water security, and green finance, as well as the IKI-LAC Climate Private Sector Mobilisation Fund with IDB Invest, a 46 million euro fund (about $53.3 million), announced earlier this year, whose focus is to support and mobilize private-sector investment in climate-mitigation projects aimed at reducing greenhouse gas emissions in Latin America and the Caribbean.
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The IDB Group at COP30
The IDB Group is holding more than 80 events at COP30 to present solutions aimed at closing financing gaps for resilient development through partnerships, innovation, and a focus on measurable impact in Latin America and the Caribbean. Journalists present are invited to visit our spaces, with no registration required: the IDB Group Pavilion in the Blue Zone, the IDB Group Pavilion in the Green Zone, and the AMAZONIA SEMPRE Station at the Goeldi Museum. Follow our COP30 page for all news and event schedules.
The IDB Group is acting as a bridge - connecting governments and investors, the public and private sectors, people and communities - to mobilize at least $6 billion in announcements that help close financing gaps for resilient development and support national priorities.
* * *
About the IDB Group
The Inter-American Development Bank Group (IDB Group) is the leading source of financing and knowledge for improving lives in Latin America and the Caribbean. It comprises the IDB, which works with the region's public sector and enables the private sector; IDB Invest, which directly supports private companies and projects; and IDB Lab, which spurs entrepreneurial innovation.
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Original text here: https://www.iadb.org/en/news/idb-group-announces-platform-eu15-million-germany-expand-power-grids-latin-america-and-caribbean
Amber F. McReynolds re-elected chair of the Postal Service Board of Governors
WASHINGTON, Nov. 14 -- The U.S. Postal Service issued the following news release:
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Amber F. McReynolds re-elected chair of the Postal Service Board of Governors
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During today's meeting of the U.S. Postal Service Board of Governors, Amber F. McReynolds was unanimously re-elected by her fellow governors to serve as chair of the Board for a second term. The governors also unanimously re-elected Derek Kan to serve as vice chair for another term.
McReynolds has served on the Board of Governors since May 2021, following her confirmation by the U.S. Senate to serve the remainder of a seven-year
... Show Full Article
WASHINGTON, Nov. 14 -- The U.S. Postal Service issued the following news release:
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Amber F. McReynolds re-elected chair of the Postal Service Board of Governors
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During today's meeting of the U.S. Postal Service Board of Governors, Amber F. McReynolds was unanimously re-elected by her fellow governors to serve as chair of the Board for a second term. The governors also unanimously re-elected Derek Kan to serve as vice chair for another term.
McReynolds has served on the Board of Governors since May 2021, following her confirmation by the U.S. Senate to serve the remainder of a seven-yearterm that expires on Dec. 8, 2026. Previously, McReynolds was elected to serve as vice chairwoman of the Board on Nov. 14, 2023. Throughout 2025, she chaired the Board's Election Mail Committee and served on the Operations Committee.
Kan has served on the Board of Governors since May 2022, following his confirmation by the U.S. Senate to serve the remainder of a seven-year term that expires on Dec. 8, 2028. He currently serves on the Board's Compensation and Governance Committee and the Operations Committee.
Bios of all the governors are available at: about.usps.com/who/leadership/board-governors/.
The United States Postal Service is an independent federal establishment, mandated to be self-financing and to serve every American community through the affordable, reliable and secure delivery of mail and packages to more than 170 million addresses six and often seven days a week. Overseen by a bipartisan Board of Governors, the Postal Service is celebrating its 250th year of service to customers amidst a network modernization plan aimed at restoring long-term financial sustainability, improving service, and maintaining the organization as one of America's most valued and trusted brands.
The Postal Service generally receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.
For USPS media resources, including broadcast-quality video and audio and photo stills, visit the USPS Newsroom. Follow us on X, formerly known as Twitter ; Instagram ; Pinterest ; Threads ; and LinkedIn. Subscribe to the USPS YouTube Channel and like us on Facebook. For more information about the Postal Service, visit usps.com and facts.usps.com.
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Original text here: https://about.usps.com/newsroom/national-releases/2025/1114-amber-f-mcreynolds-re-elected-chair-of-the-postal-service-board-of-governors.htm
