US Plans New Fund to Speed Up Latin America Investment Projects
- Program a joint venture with Inter-American Development Bank
- Money to focus on preparation stage of development investing
Pedestrians in Lima, Peru.
Photographer: Angela Ponce/BloombergThis article is for subscribers only.
The Biden administration is launching a new technical assistance program to boost investment in Latin America and the Caribbean, as regional officials meet in Washington for talks on efforts to spur development, create jobs and counter migration pressures.
The US International Development Finance Corp. announced the proposal for a $30 million fund in a statement Wednesday. Officials say the plan will focus on the project preparation phase, where too many potential deals currently fall apart.