The International Atomic Energy Agency (IAEA) and the Inter-American Development Bank (IDB) have signed an agreement to strengthen cooperation on the use of nuclear energy in Latin America and the Caribbean.

The memorandum of understanding, signed by IAEA director-general Rafael Grossi and IDB Group president Ilan Goldfajn, marks an important step in expanding collaboration between the IAEA and international financial institutions to support countries seeking reliable, low-carbon energy solutions, a statement said.

The agreement provides a framework for cooperation on nuclear energy and development, including dialogue, knowledge sharing, technical assistance, capacity building, energy-system planning, and infrastructure.