IDB to Provide $500m for Natural Disasters

IDB to Provide $500m for Natural Disasters

Bonds Structured Finance Central America Caribbean Dominican Republic Loans

The IDB is working with 13 countries in LatAm and the Caribbean to improve disaster risk management and is expected to provide over $500m in financing in 2011 to help meet natural disaster needs. The IDB has already approved a $100m loan for the Dominican Republic under its contingent credit facility. It will consider further contingent loans for Peru, Ecuador, Costa Rica, Panama and Honduras, totaling $500 million. The IDB is also expected to provide a $24 million loan to structure and launch a

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