Jared WadeAnother Asian powerhouse is following China’s lead in loaning money to Latin American nations in need of infrastructure funding. Japan is set to expand its investment in a co-financing arrangement with the Inter-American Development Bank, stepping up from its current $1 billion to “several billion dollars,” according to the Latin American Post. The funds will come through the Japan International Cooperation Agency, and specific figures will be announced next month at the Inter-American Development Bank’s annual board of governors meeting in the Bahamas.
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