Investment through JICA-Funded Trust Fund 'TADAC' (Private Sector Investment Finance) : Signing of Loan Agreement with Grupo RAS in Uruguay
Uruguay, June 22 -- Through the Trust Fund Achieving Development in Latin America and the Caribbean (TADAC) invested by the Japan International Cooperation Agency (JICA), the Inter-American Development Bank's investment arm (IDB Invest) signed a loan agreement with Grupo RAS, a leading logistics group in the Oriental Republic of Uruguay, to support industrial development of the country.With this financing, Grupo RAS will expand the Ruta 5 Industrial Park (hereinafter referred to as "RIP5") and its related logistics infrastructure. The Government of Uruguay is promoting the development of industrial parks within the country as a hub for trade and logistics in the Latin American region, and RIP5 is one of the industrial parks approved by the ...
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