New $1B Fund for Latin America and Caribbean Sustainable Development

Countries across Latin America and the Caribbean gained access to a new $1 billion fund launched by IDB Invest in partnership with the Japan International Cooperation Agency (JICA). The TADAC fund is aimed at financing infrastructure, climate mitigation, healthcare, and economic recovery, addressing a growing financing gap in the region. By collaborating with global institutions, IDB Invest hopes to mobilize private investment, potentially increasing investment capacity by an additional $1.5 billion in the next three years.