IAEA and Inter-American Development Bank Partner to Advance Nuclear Energy in Latin America and the Caribbean
The International Atomic Energy Agency (IAEA) and the Inter-American Development Bank (IDB) have signed a memorandum of understanding (MoU) to foster cooperation on nuclear technologies in Latin America and the Caribbean. This agreement, signed on the sidelines of the UN General Assembly, aims to explore the technical, institutional, and economic aspects of nuclear energy, including large-scale reactors, small modular reactors (SMRs), and other emerging technologies. The MoU provides a framework for dialogue, knowledge sharing, technical assistance, capacity building, energy-system planning, and infrastructure development. This collaboration reflects a shift in attitude among international institutions, which were previously hesitant to fund new nuclear energy projects. IAEA Director General Rafael Mariano Grossi emphasized that this partnership combines the IAEA's technical expertise with the IDB's development experience and regional reach to help countries in the region make informed decisions about thei...