WASHINGTON, DC, United States (CMC) — The Inter-American Development Bank (IDB) says it has collaborated with its innovation-focused IDB Lab, PepsiCo, and the PepsiCo Foundation in signing a new memorandum of understanding, extending their public-private partnership until 2026 to carry out programmes that will drive social and economic growth in Latin America and the Caribbean.

The Washington-based financial institution said the signing of this agreement will complete 19 years of joint efforts in the region.

In this new phase, PepsiCo and its global foundation are investing about US$6 million in projects that will be implemented over the next five years.

“These projects aim to generate solutions in four areas of mutual interest — water access, inclusive recycling, sustainable agriculture, and economic recovery,” the IDB said. “All programmes will pay special attention to women’s empowerment.”

http://www.jamaicaobserver.com/news/idb-expands-partnership-to-foster-growth-in-caribbean_212499