Investment

IDB Invest and Nokia partner to boost Lat Am digital connectivity

IDB Invest and Nokia partner to boost Lat Am digital connectivity

IDB Invest, a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector, has partnered with technology giant Nokia to launch a US$50 million financing facility to strengthen digital connectivity in Latin America and the Caribbean.

The programme will initially launch in Mexico and will subsequently expand to other countries in the region.

The partners say that the transaction will allowNokiato offer more flexible payment terms to communications service providers, thus driving greater investment in secure, high-performance networks.

By facilitating faster access to reliable telecommunications technologies, the alliance seeks to strengthen digital connectivity, boost competitiveness and foster innovation.

As Nokia and IDB Invest point out, more than 200 million people in Latin America and the Caribbean still lack internet access, and many more face unreliable or limited service. Remote and rural communities remain underserved, while concerns about network security persist. Expanding access to certified and secure technologies, they say, is essential to promoting economic growth, improving public services, and strengthening the region's resilience.

Hence this solution, which, the partners suggest, aligns infrastructure spending with revenue generation, unlocking new investments in broadband networks.

By alleviating cash flow constraints and reducing reliance on traditional borrowing, the facility will also support the accelerated deployment of digital infrastructure, especially in underserved areas, through sustainable financing.



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