JICA and JICA-RI Sign Contribution Agreement for Central America and the Caribbean Private Sector Development Trust Fund (Equity Investment): Promoting SDGs Achievement in the Region through Private Sector Initiatives
February 18, 2025
Tokyo – The Japan International Cooperation Agency (JICA) and JICA Research Institute (JICA-RI) signed a contribution agreement today for the Central America and the Caribbean Private Sector Development Trust Fund (Fund). The Fund aims to promote sustainable development in the region by supporting private sector initiatives that contribute to the achievement of the Sustainable Development Goals (SDGs).
The Fund will be managed by JICA-RI and will provide financial and technical assistance to private sector projects in Central America and the Caribbean. The projects will focus on areas such as renewable energy, climate change adaptation, and financial inclusion.
The Fund is expected to mobilize up to $100 million in private sector investment and will leverage the expertise of JICA and JICA-RI in private sector development.
“The Fund will play a vital role in promoting sustainable development in Central America and the Caribbean,” said JICA President Shinichi Kitaoka. “By supporting private sector initiatives, we can help the region achieve its SDGs and improve the lives of its people.”
“JICA-RI is committed to supporting the private sector as a key driver of sustainable development,” said JICA-RI President Masamichi Kono. “The Fund will provide us with a unique opportunity to work with the private sector in Central America and the Caribbean to create a better future for the region.”
The signing ceremony was attended by JICA President Shinichi Kitaoka, JICA-RI President Masamichi Kono, and representatives from the Central America and Caribbean private sector.
About JICA
JICA is a Japanese government agency that provides development assistance to developing countries. JICA’s mission is to promote sustainable development and improve the lives of people in developing countries.
About JICA-RI
JICA-RI is a think tank that supports JICA’s development assistance operations. JICA-RI’s mission is to produce high-quality research and analysis on development issues.
About the Central America and the Caribbean Private Sector Development Trust Fund
The Central America and the Caribbean Private Sector Development Trust Fund is a multi-donor trust fund that will provide financial and technical assistance to private sector projects in Central America and the Caribbean. The Fund is expected to mobilize up to $100 million in private sector investment.
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