WASHINGTON — IDB Invest announced a $45 million financing package for the Instituto Tecnológico de Buenos Aires (ITBA) to support the development of a new university campus in Buenos Aires, Argentina.
The project will consolidate ITBA’s existing facilities into a modern, integrated infrastructure designed to support the institution’s continued academic growth.
The new campus will be located in the Innovation Park (Parque de la Innovación) in the Núñez neighborhood of Buenos Aires, an environment that promotes collaboration among universities, research centers, companies, and technology ventures. The initiative will expand ITBA’s academic capacity, strengthen its offerings in engineering, technology, and applied sciences, and broaden its reach to students from different regions of the country.
“Argentina’s competitiveness depends largely on its ability to develop the talent required by the industries of the future. This new campus will not only expand that capacity, but also strengthen an ecosystem where academia, research, and the productive sector can transform knowledge into innovation and growth,” said Viviana Alva-Hart, IDB Group Representative in Argentina.
The project is aligned with the IDB Group Country Strategy for Argentina 2025–2028, which prioritizes productive modernization, innovation, and human capital development. By expanding access to high-quality education and fostering applied research, the operation will help address skills gaps and improve graduate employability in high-demand sectors.
The project's total financing amounts to $45 million. IDB Invest will provide a $32.5 million financing package in A-loans, along with the mobilization of an additional $12.5 million from the Japan International Cooperation Agency's Trust Fund for the Development of Latin America and the Caribbean (TADAC Fund), administered by the IDB. This financing will help attract private capital to educational infrastructure in Argentina.
In addition to financing, IDB Invest will provide technical assistance and institutional support, including enhancements to governance practices and technical guidance for the development of the new campus.
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.
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.