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WASHINGTON, USA – 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 USD 500 million for ANSA McAL Group, with an initial commitment of USD 200 million. The initial commitment comprises USD 150 million from IDB Invest, including a USD 100 million term loan and a USD 50 million revolving credit facility, as well as USD 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 mobilise 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.
