IDB Group and JICA Expand Development Partnership to Generate $14 Billion in Financing for Latin America and the Caribbean
Japan, Aug. 24 -- The Inter-American Development Bank Group (IDB Group) and the Japan International Cooperation Agency (JICA) expanded their partnership to $6.5 billion, which is expected to generate approximately $7.5 billion in additional resources, based on the average of recent years - totaling $14 billion in financing for Latin America and the Caribbean. The new framework also adds critical minerals and agriculture as strategic areas of cooperation. A new memorandum of cooperation (MoC) with JICA and Japan's Ministry of Finance will also support health and care systems across the region.The agreements were signed during IDB Group President Ilan Goldfajn's visit to Tokyo to mark the 50th anniversary of Japan's membership in the IDB. The...
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