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  HOME | Latin America (Click here for more)

Japan to Increase Loans to Latin America for Infrastructure

TOKYO The Japanese government plans to increase development loans to Latin America through a greater contribution to the Inter-American Development Bank, or IDB, especially to co-finance infrastructure.

Japan, an IDB member since 1976, plans to expand its current contribution of $1 billion by several thousand, mainly to help accelerate infrastructure construction in Latin America, the Japanese news agency Kyodo reported on Sunday.

The Japanese government will announce the new financing, which will be provided in yen through the Japan International Cooperation Agency, during the assembly of IDB governors in the Bahamas between April 7-10.

Tokyo hopes the increased support to the IDB will create more business opportunities for Japanese firms in Latin America.

 

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