2026.08.17
On August 7, through the Trust Fund Achieving Development of Latin America and the Caribbean (TADAC*) invested by the Japan International Cooperation Agency (JICA), the Inter-American Development Bank Investment Company (IDB Invest) signed a loan agreement with Instituto Tecnológico de Buenos Aires (ITBA), which is renowned for producing some of the country's top engineering and science graduates in Argentine Republic.
Signing ceremony
While the majority of higher education in Argentina is provided by public universities, the country faces challenges in developing adequate educational infrastructure due to fiscal constraints and other factors. As a result, graduation rates remain low, particularly in science, technology, engineering, and mathematics (STEM) fields. This project will support the financing needs for the renovation of ITBA, thereby contributing to strengthening the country's capacity to develop highly skilled STEM professionals.
(*Note) JICA commits USD 1.0 billion in the Trust Fund Achieving Development of Latin America and the Caribbean (TADAC). The Fund is established within the Inter-American Development Bank (IDB), the largest development finance institution in Latin America and the Caribbean region, and managed by IDB Invest, the private sector investment arm of the IDB Group. TADAC will co-finance alongside IDB Invest to support private sector initiatives that contribute to the achievement of the SDGs. JICA’s investment aims to reduce the SDGs financing gap in the region and contribute to its sustainable socioeconomic development.
The project outline is explained below.
- Borrower
Instituto Tecnológico de Buenos Aires (ITBA)
- Country (Target Areas)
Argentine Republic
- Loan Amount
12.5 million USD
- Project Title
Buenos Aires Institute of Technology Campus Renovation Project in Argentine Republic
- Project Purpose
The project aims to improve the quality of higher education and expand access to education in Argentina through the renovation of ITBA, a leading university in Buenos Aires, the capital of Argentina, renowned for producing some of the country's top engineering and science graduates.
- Project Component
The loan proceeds will be used to finance the renovation of ITBA.
- Contribution to SDGs
Goal 4 (Quality Education)
Goal 5 (Gender equality)
Goal 17 (Partnerships for the goals)
Sns share!
