World Bank Boosts LatAm Lending

World Bank Boosts LatAm Lending


Loans from the World Bank to LatAm countries will increase to $14bn by the end of the fiscal year ending in June from around $4.5bn last fiscal year, says Marcelo Giugale, director of economic policy and poverty reduction at the multilateral. In FY 2010 (July-June), he expects LatAm loans to amount to $14bn or even surpass that. Giugale tells LatinFinance that that about a third of the total is in the form of deferred drawdown loans, which allow a country to withdraw funds as needed an

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