July 9, 2009
The IDB has approved a $20m loan for Peru to help it improve the competitiv
The IDB has approved a $20m loan for Peru to help it improve the competitiveness of its agricultural sector. The loan is for 20 years, has a grace period of 5 years and pays an interest rate over Libor, says the bank. The program is the first of three loans to support Peru in implementing a new agricultural policy framework introduced in June 2008.