IDB Invest, the private-sector arm of the Inter-American Development Bank Group, has approved financing of up to US$500 million for ANSA McAL Group, the largest commitment ever made by the institution in the Caribbean.
The financing package includes an initial commitment of US$200 million, comprising US$150 million from IDB Invest and US$50 million from the Japan International Cooperation Agency (JICA) through its Trust Fund Achieving Development of Latin America and the Caribbean (TADAC).
