The Inter-American Development Bank (IDB) has increased its funding programme for security projects in Latin America and the Caribbean to $4bn for 2026-2028, after demand from governments exceeded initial expectations.
The announcement was made during the opening of the Alliance for Security, Justice and Development summit in Brasília, Agência Brasil reported.
The new target raises the fund from the previously planned $2.5bn and will support initiatives aimed at combating violence, organised crime and strengthening justice systems across the region.
IDB President Ilan Goldfajn said nearly 60% of the three-year targets had already been reached after one year, prompting the expansion.
Goldfajn said Latin America and the Caribbean account for around 8% of the world’s population but represent about 33% of global homicides, highlighting the scale of the security challenge facing governments.
Brazil’s Justice Minister Wellington César Lima e Silva said cooperation between countries and information sharing would be key to tackling transnational criminal groups.
He also called for measures to restrict the financial operations of criminal organisations.
The IDB’s security alliance focuses on areas including crime prevention, institutional capacity and actions against illicit financial flows.
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