IDB Group and JICA Expand Partnership to Generate $14 Billion in Financing for Latin America and the Caribbean
The Inter-American Development Bank Group (IDB Group) and the Japan International Cooperation Agency (JICA) have expanded their partnership to $6.5 billion, aiming to generate an additional $7.5 billion, totaling $14 billion in financing for Latin America and the Caribbean. This expanded cooperation, announced during IDB Group President Ilan Goldfajn’s visit to Tokyo for the 50th anniversary of Japan’s IDB membership, includes increasing co-financing under the Cooperation for Economic Recovery and Social Inclusion (CORE) framework from $4 billion to $5 billion. The Trust Fund Achieving Development of Latin America and the Caribbean (TADAC) ceiling for private-sector investment has also been raised from $1 billion to $1.5 billion. New strategic areas of cooperation now include critical minerals and agriculture. Additionally, a new memorandum of cooperation (MoC) with JICA and Japan’s Ministry of Finance will focus on strengthening health and care systems across the region, building on Japan's expertise in h... 
