WASHINGTON – IDB Invest, the private-sector arm of the IDB Group, and the ANSA McAL Group, one of the Caribbean’s largest and most diversified conglomerates, have announced a strategic partnership to support investments in key productive sectors across the region. The collaboration will help expand industrial capacity, strengthen supply chains, and support economic growth.
As part of this new partnership, IDB Invest has approved financing of up to US$500 million for ANSA McAL Group, with an initial commitment of US$200 million. The initial commitment comprises US$150 million from IDB Invest, including a US$100 million term loan and a US$50 million revolving credit facility, as well as US$50 million from the Japan International Cooperation Agency (JICA) through its Trust Fund Achieving Development of Latin America and the Caribbean (TADAC). This is IDB Invest’s largest-ever financing in the Caribbean.
"The Caribbean's future competitiveness depends on thinking beyond individual markets and investing in regional businesses that connect the region," said James P. Scriven, CEO of IDB Invest. "By supporting investment in manufacturing, logistics, distribution, and supply chains, this financing helps strengthen the productive links that underpin regional growth."
Anthony N. Sabga III, Chief Executive Officer of ANSA McAL, said: “This partnership reflects confidence in ANSA McAL, in the strength of Caribbean enterprise, and in the opportunities that exist within our region. The financing will support investments that expand capacity, strengthen our operations, and enhance the competitiveness of the businesses we have built over the last 145 years. We are proud to partner with IDB Invest in advancing initiatives that contribute to economic development, job creation, innovation, and opportunity throughout the Caribbean.''
The financing will support investments in manufacturing, logistics, recycling, distribution, and supply chain infrastructure. These initiatives are expected to generate quality employment opportunities and enhance the competitiveness and resilience of productive sectors.
For Trinidad and Tobago, where expanding non-energy economic activity remains an important national priority, the project will deepen regional trade linkages and support productive investment. It also creates a platform for future collaboration, broader access to international capital, and strategic relationships. The partnership aligns with IDB Invest’s Originate-to-Share model, which seeks to mobilize private capital into key development sectors across Latin America and the Caribbean.
In addition to financing, IDB Invest and Ansa McAL will collaborate on initiatives focused on circular-economy solutions, digital transformation, sustainability reporting, and energy efficiency. These programs will support the ANSA McAL Group’s investment agenda, enable knowledge sharing for local people, and reinforce its commitment to responsible long-term growth.
About IDB Invest
IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $22 billion in assets under management and more than 440 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website: www.idbinvest.org/en.
About ANSA McAL Group
ANSA McAL Group, founded in 1881, is one of the Caribbean’s largest and most diversified conglomerates. Its portfolio spans the automotive, beverage, construction, distribution, financial services, media, packaging, real estate, services, and utilities sectors. A publicly listed company, it employs approximately 6,000 people and serves more than 30 markets across 10 territories. Guided by its mission, “Inspiring Better Choices for a Better World,” the Group is committed to creating value for shareholders, business partners, employees, and consumers while advancing environmental stewardship and sustainability across its operations. Emerging Market Impact Investors served as a strategic advisor.
About the TADAC Fund
The JICA Trust Fund Achieving Development of Latin America and the Caribbean (TADAC) is a fund managed by the IDB Group, established in collaboration with the Japan International Cooperation Agency (JICA) to promote sustainable development in Latin America and the Caribbean. Through an initial contribution of US$1 billion, the fund seeks to catalyze private investment by co-financing strategic projects. TADAC is JICA’s first fund with the IDB Group dedicated to the private sector and the largest in the region, reinforcing IDB Invest’s “Originate-to-share” business model.