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The partnership aims to explore new initiatives in areas such as Artificial Intelligence, citizen security and climate change

Inter-American Development Bank (IDB) and the NEC signed a new agreement to develop joint initiatives in connectivity, digital infrastructure and digital solutions, with a focus on Latin America and the Caribbean. The objective of this initiative is to improve the knowledge and technical skills of policymakers and corporate leaders, strengthen institutions in Latin America and the Caribbean, and improve government services through training vulnerable populations. Under the agreement, the IDB and NEC propose to invest in knowledge programs via conferences and workshops on digital infrastructure and technological applications, including, above all, Artificial Intelligence (AI).

The partnership also includes training, capacity building, development of courses and materials, collaboration on proofs of concept, pilot programs and identification of potential co-financing or co-investment projects in Latin America and the Caribbean. The agreement also encourages collaborations in areas such as citizen security and climate resilience models, as well as possible engagements with IDB Invest and IDB Lab in the future.

“The areas covered by this agreement reinforce our joint commitment and are crucial for the development of Latin America and the Caribbean. Our main focus will be to offer digital solutions to governments to serve their populations, especially the vulnerable. I want to thank NEC for its unwavering commitment to the region”, says the IDB President Ilan Goldfajn.

“Our partnership with the IDB goes back many years, and I am proud to see it reinforcing this commitment to improving the quality of life of people throughout Latin America and the Caribbean. New advances in technologies such as biometrics and AI offer us opportunities to contribute to the well-being of communities in new and concrete ways. I look forward to our collaboration expanding further through the use of cutting-edge technologies,” he says. Takayuki Morita, President and CEO of NEC Corporation.

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