Investment through JICA-Funded Trust Fund 'TADAC' (Private Sector Investment Finance): Signing of Loan Agreement for the Beverage Recycling Support Project in the Republic of Trinidad and Tobago
Trinidad and Tobago, Oct. 15 -- On July 17, through the Trust Fund Achieving Development of Latin America and the Caribbean (TADAC) , invested by the Japan International Cooperation Agency (JICA), the Inter-American Investment Company (IDB Invest) signed a loan agreement with the ANSA McAL Group (ANSA McAL), one of the largest conglomerates in the Caribbean region, and its beverage subsidiary, Caribbean Development Company Limited (CDC).Under this project, a total financing facility of up to USD 500 million has been approved, which includes a USD 50 million loan contribution from TADAC.This loan will support equipment upgrades for the conglomerate, which operates the only glass container recycling model in the Caribbean region. By promoting...
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