IDB Invest, the private-sector arm of the Inter-American Development Bank (IDB Group) says it has entered into a strategic partnership with the Trinidad-based ANSA McAL Group to support investments in key productive sectors across the region.
The Washington-based financial institution said that the collaboration with one of the Caribbean’s largest and most diversified conglomerates, will help expand industrial capacity, strengthen supply chains, and support economic growth.
It said 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. It said 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).
The IDB said that the funding 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, IDB Invest’s chief executive officer.
“By supporting investment in manufacturing, logistics, distribution, and supply chains, this financing helps strengthen the productive links that underpin regional growth.”
The chief executive officer of ANSA McAL, Anthony N. Sabga III, said this partnership reflects confidence in ANSA McAL, in the strength of Caribbean enterprise, and in the opportunities that exist within the Caribbean 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,” he added.
IDB said that 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.
The IDB said that 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.
IDB said that 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 programmes will support the ANSA McAL Group’s investment agenda, enable knowledge sharing for local people, and reinforce its commitment to responsible long-term growth.
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