JICA Signs Contribution Agreement for the Central America and the Caribbean Private Sector Development Trust Fund (Investment and Financing Abroad): Promoting SDGs Achievement in the Region through Private Sector Initiatives
Tokyo, February 18, 2025 – The Japan International Cooperation Agency (JICA) today signed a contribution agreement with the Central America and the Caribbean Private Sector Development Trust Fund (CACSP-DSTF), managed by the Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB) Group. Under the agreement, JICA will contribute up to 1.2 billion yen (approximately 10 million US dollars) to the fund over a four-year period.
The CACSP-DSTF was established in 2018 as a multilateral fund to catalyze private sector investment and innovation in Central America and the Caribbean. The fund provides financial and technical assistance to small and medium-sized enterprises (SMEs) and entrepreneurs in the region, with a particular focus on sectors that contribute to the achievement of the Sustainable Development Goals (SDGs).
JICA’s contribution to the CACSP-DSTF is part of its efforts to promote economic growth and sustainable development in the region. JICA believes that the private sector plays a vital role in driving economic growth and creating employment opportunities. By supporting the development of SMEs and entrepreneurs, JICA aims to contribute to the achievement of the SDGs and improve the lives of people in the region.
The CACSP-DSTF has a strong track record of supporting private sector development in Central America and the Caribbean. Since its inception, the fund has provided over 20 million US dollars in financing to more than 100 SMEs and entrepreneurs in the region. The fund has also provided technical assistance to over 500 SMEs, helping them to improve their operations, access new markets, and create jobs.
JICA’s contribution to the CACSP-DSTF will help to further strengthen the fund’s ability to support private sector development in the region. The contribution will be used to provide financing and technical assistance to SMEs and entrepreneurs in a variety of sectors, including renewable energy, sustainable agriculture, and tourism. JICA will also work closely with the IDB Group to identify and support projects that have the potential to make a significant contribution to the achievement of the SDGs.
The signing of the contribution agreement is a testament to JICA’s commitment to supporting private sector development in Central America and the Caribbean. JICA believes that by working together with the IDB Group and other partners, it can help to create a more prosperous and sustainable future for the region.
About JICA
The Japan International Cooperation Agency (JICA) is a Japanese government agency that provides financial assistance and technical cooperation to developing countries. JICA’s mission is to contribute to the economic and social development of developing countries and to promote international cooperation.
About the IDB Group
The Inter-American Development Bank (IDB) Group is a multilateral development bank that provides financial and technical assistance to the countries of Latin America and the Caribbean. The IDB Group’s mission is to improve lives in Latin America and the Caribbean by promoting economic and social development.
About the CACSP-DSTF
The Central America and the Caribbean Private Sector Development Trust Fund (CACSP-DSTF) is a multilateral fund that provides financial and technical assistance to small and medium-sized enterprises (SMEs) and entrepreneurs in Central America and the Caribbean. The CACSP-DSTF is managed by the Multilateral Investment Fund (MIF) of the IDB Group.
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