The Inter-American Development Bank (IDB) is actively supporting Latin America's transition to becoming a global green hydrogen powerhouse. With a focus on joint financing initiatives, the IDB is investing in a US$400mn facility in Chile, in collaboration with the state development agency Corfo and other multilaterals, with the aim of derisking projects and reducing capital costs to attract further financial support. The IDB president emphasized the importance of partnerships and scale in tackling the challenges faced by the green hydrogen industry. Latin America, particularly South America, is viewed as having significant potential due to factors like high renewables penetration and available land for clean energy projects. The IDB's commitment to green hydrogen aligns with its new institutional strategy, IDBImpact+, which seeks to achieve greater development results in the region. The region's ability to attract investment and generate jobs through green hydrogen initiatives is seen as a key driver for economic growth. Various stakeholders in the industry, including developers like Green Energy Park, are optimistic about the region's prospects and the potential for Latin America to emerge as a global energy provider. The article highlights the importance of addressing key hurdles such as production costs, offtake, water supply, and infrastructure to support the development of a large-scale green hydrogen industry. Despite challenges, the IDB's collaborative efforts and strategic investments aim to pave the way for a sustainable and thriving green hydrogen sector in Latin America.