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Japanese Special Fund of the IDB donates $1.25 million in technical cooperation to help Mexico assess earthquake damage

Projects to be implemented by the Inter-American Development Bank include damage evaluation for the purposes of reconstruction

The Government of Japan announced today that it will provide $1.25 million in technical cooperation to support Mexico via the Japan Special Fund of the Inter-American Development Bank (IDB) in response to two earthquakes that hit the country in September.

The projects, which will be implemented by the IDB, include an infrastructure damage assessment for post-disaster reconstruction. The Japanese contribution will complement the IDB’s previously announced contribution of US$400,000 for emergency humanitarian aid.

IDB President Luis Alberto Moreno said that the contribution demonstrates Japan’s solidarity with the Mexican people.

“Japan is always ready to generously help our countries in Latin America and the Caribbean,” Moreno said. “I am sure that these projects will contribute to the ongoing efforts to carry out a sustainable and disaster-resistant reconstruction in Mexico.”

The first earthquake, which hit on Sept. 8 with an epicenter on the country’s Pacific coast, was the strongest earthquake recorded in more than a century in Mexico, and affected more than two million people, particularly in indigenous communities in the states of Chiapas and Oaxaca.

The second earthquake, which occurred on Sept. 19, affected a large area in central Mexico, especially the states of Mexico, Morelos, Guerrero, Puebla and Mexico City. Dozens of victims have been reported, and hundreds of buildings were damaged.

About the Japan Special Fund

In 1988, the Government of Japan established the Japan Special Fund (JSF) to promote social and economic growth in borrowing member countries of the IDB. The JSF provides financing for technical cooperation activities. As of the end of 2016, the Government of Japan has contributed to the development of the LAC region with 551 JSF technical cooperation projects, totaling US$327 million, in all IDB borrowing member countries.

About the IDB

The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.

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