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Uruguay Gets $380m IDB Financing

Oct 30, 2008

The IDB is offering Uruguay up to $380m in financing in three separate facilities. The first is a credit line of $200m with an amortization period of...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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