The IDB Group and the Government of Japan announced a cooperation package at an international forum. JICA's funding facility will be expanded, and new co-financing for Latin America and the Caribbean is expected to be established.
The Inter-American Development Bank Group and the Government of Japan held the Japan-LAC Business Forum 2026 and announced a historic cooperation package.
Under the package, the funding facility provided by the Japan International Cooperation Agency (JICA) will be expanded to $6.5 billion, with approximately $7.5 billion in new co-financing expected to be mobilized, bringing total funding for Latin America and the Caribbean to approximately $14 billion.
In addition, the $30 million Japan Resilience Initiative is scheduled to be established using grant funding for the critical minerals sector.