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Cooperation on sustainable and inclusive economies is a key priority under the Pan-American Window of the Americas and the Caribbean Regional Multiannual Indicative Programme (MIP). It also features prominently in the EU–LAC Roadmap 2023 as an area for building political alliances. AL-INVEST Next builds on AL-INVEST Verde programme d aims to strengthen the EU’s partnership with the LAC region for sustainable and inclusive economic growth. It will help create the enabling conditions for the EU-LAC Global Gateway Investment Agenda, presented during the EU-CELAC Summit in July 2023 to be delivered. The programme supports knowledge exchange between EU and LAC private sectors and reflects the EU’s renewed approach to development cooperation. It builds on the achievements of the AL-INVEST Verde programme, integrates actions previously managed under the Foreign Policy Instrument (FPI), and supports new initiatives aligned with current EU strategic priorities.