Japan Pledges $5 Million USD for Public/Private Infrastructure Financing in Latin America

With a $5 million USD investment, in concert with the Inter-American Development Bank (IDB), Japan has extended its public/private partnership program in Latin America.

The investment will target infrastructure financing and be coordinated by the government in Tokyo transferring the $5 million USD to the IDB “Contingent Recovery PPP Preparation Program.”

According to the Inter-American Development Bank, the move “builds upon and complements the IDB and Japan’s long track record of partnering through such platforms as the Co-financing for Renewable Energy and Energy Efficiency (CORE) program and the Japan Quality Infrastructure Initiative (JQI).”

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The agreement was signed in Argentina a the IDB’s annual board of governors meeting in Mendoza by Toshiyuki Yasui of Japan and Alexandre da Rosa of IDB.

(Photo credit: Francisco Diez)