JICA Signs Investment Agreement for the Private Sector Development Trust Fund for Latin America and the Caribbean (Overseas Investment and Financing): Promoting the Achievement of SDGs in the Region through Private Sector Initiatives
February 18, 2025
The Japan International Cooperation Agency (JICA) has signed an investment agreement for the Private Sector Development Trust Fund for Latin America and the Caribbean (PSDTF-LAC) with the Inter-American Development Bank (IDB). This agreement will provide up to 40 million US dollars in funding to support the development of the private sector in the region.
The PSDTF-LAC is a multi-donor trust fund established by the IDB to promote private sector investment and innovation in Latin America and the Caribbean. The fund supports projects that contribute to the achievement of the Sustainable Development Goals (SDGs) by fostering economic growth, creating jobs, and promoting social inclusion.
With this investment, JICA aims to contribute to the economic recovery and sustainable development of the Latin America and Caribbean region. By supporting private sector initiatives, the PSDTF-LAC will help to create a more enabling environment for businesses to grow and contribute to the well-being of the region’s people.
JICA’s investment in the PSDTF-LAC is part of its broader commitment to supporting private sector development in the region. JICA has been working with the IDB and other partners to provide technical assistance, capacity building, and financial support to private sector projects in various sectors, including infrastructure, energy, and agriculture.
The signing ceremony for the investment agreement took place at the IDB headquarters in Washington, D.C. JICA’s Executive Vice President, Rikiya Otaka, and IDB’s Vice President for Finance and Administration, James Scriven, signed the agreement on behalf of their respective organizations.
“The private sector is a key driver of economic growth and development in Latin America and the Caribbean,” said Mr. Otaka. “Through our investment in the PSDTF-LAC, JICA is pleased to support private sector initiatives that will contribute to the region’s sustainable development.”
“The IDB is grateful for JICA’s investment in the PSDTF-LAC,” said Mr. Scriven. “This funding will allow us to continue supporting private sector development in the region and contribute to the achievement of the SDGs.”
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