The Inter-American Development Bank Group and Japan expanded their partnership to $6.5 billion, expected to generate approximately $7.5 billion in additional resources based on recent averages, for a total of $14 billion in financing for Latin America and the Caribbean. The package raises JICA’s CORE co-financing target from $4 billion to $5 billion through 2031 and increases the TADAC contribution ceiling from $1 billion to $1.5 billion for private-sector investment. Agriculture and critical minerals are new cooperation priorities, while agreements also cover health and care systems, resilient infrastructure, risk transfer and co-financing. The package includes the $30 million Japan Resilience Initiative, a NEXI-backed risk-transfer instrument, renewed JBIC cooperation and a new agreement with Japan’s infrastructure ministry. Since TADAC was created in 2025, it has deployed $401 million across 12 projects in nine countries, with 19 additional transactions totaling $589 million under review. The agreements were signed during IDB Group President Ilan Goldfajn’s visit to Tokyo marking 50 years of Japan’s membership in the IDB. The related Japan-LAC Business Forum 2026 drew more than 1,000 registered participants and over 400 companies from 24 countries, while an IDB report said bilateral trade rose more than ninefold from $7 billion in 1976 to $65 billion in 2025.