December 18, 2009
The IDB has approved a $100m loan for Ecuador to support its housing carry
The IDB has approved a $100m loan for Ecuador to support its housing carry out its housing policy and help nearly 30,000 households buy, build, and improve their homes. The loan is for a 25-year term, with a 4-year period of grace, at a Libor-based interest rate. The government of Ecuador will provide an additional $5.8m in local counterpart funds.