December 1, 2011
The IDB has approved a 25-year, $200m loan so Argentina’s government can im
The IDB has approved a 25-year, $200m loan so Argentina’s government can improve the country’s roads. The loan has a 4-year grace period and variable interest rate based on Libor. The interest rate was not specified. Road safety is a priority for the Argentine government, IDB project team leader Fernando Orduz explains. The loan is expected to finance road infrastructure in provinces including Mendoza, Buenos Aires, San Juan and Entre Rios.