2026.10.15
On July 17, through the Trust Fund Achieving Development of Latin America and the Caribbean (TADAC *) , invested by the Japan International Cooperation Agency (JICA), the Inter-American Investment Company (IDB Invest) signed a loan agreement with the ANSA McAL Group (ANSA McAL), one of the largest conglomerates in the Caribbean region, and its beverage subsidiary, Caribbean Development Company Limited (CDC).
Under this project, a total financing facility of up to USD 500 million has been approved, which includes a USD 50 million loan contribution from TADAC.
This loan will support equipment upgrades for the conglomerate, which operates the only glass container recycling model in the Caribbean region. By promoting waste reduction and resource recycling, the project aims to establish a regional role model for sustainable waste management. In Trinidad and Tobago, where energy dependence is high and non-energy exports account for only 20% of total exports, the project will support the expansion of manufacturing exports, such as beverages and glass products. By promoting the diversification of foreign exchange earning sources, it reduces vulnerability to international price fluctuations, helps transition away from an energy-dependent economy, and contributes to the country's economic stabilization. This is expected to foster a more stable medium-to-long-term business and investment environment for Japanese companies. Furthermore, given Japanese companies' strengths in environmental technologies, energy-saving equipment, and resource recycling systems, future business collaboration is also anticipated.
(*Note) JICA has committed to investments up to USD 1.5 billion in the Trust Fund Achieving Development of Latin America and the Caribbean (TADAC). The Fund was established within the Inter-American Development Bank (IDB), the largest development finance institution in the Latin America and Caribbean region, and is managed by IDB Invest, the private sector investment arm of the IDB Group. TADAC provides co-financing alongside IDB Invest to support private sector initiatives aimed at achieving the SDGs. Through Private Sector Investment Finance (PSIF), JICA’s investment in TADAC aims to reduce the SDG financing gap in the region and contribute to its sustainable socioeconomic development.
A local staff member managing logistics and inventory operations using a digital tablet
The project outline is explained below.
- Borrower
ANSA McAL Limited (ANSA) and Caribbean Development Company Limited (CDC)
- Country (Target Areas)
Republic of Trinidad and Tobago
- Loan Amount
50 million USD
- Project Title
Beverage Recycling Support Project
- Project Purpose
This project aims to establish a circular economy in Trinidad and Tobago by supporting beverage production facilities and furnace reconstruction for glass bottle supply through loans to ANSA, a pan-Caribbean conglomerate, and its beverage subsidiary CDC.
- Project Component
The loan will be allocated toward capital expenditure (CAPEX) for CDC's beverage manufacturing equipment (brewing, packaging, logistics, and HSE) and furnace reconstruction for Carib Glassworks Limited (CGL), which supplies glass bottles to CDC, as well as working capital for importing raw materials for beverage and glass bottle production.
- Contribution to SDGs
Goal 9 (Industry, innovation and infrastructure)
Goal 13 (Climate action)
Goal 17 (Partnerships for the goals)
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