IDB Dishes Out Loans

IDB Dishes Out Loans

Brazil Mexico Ecuador El Salvador Loans

The Inter-American Development Bank (IDB) has agreed to loan Mexico $450m as part of a $562.5m drinking water and sanitation program, it says. The bullet 2021 facility has a 7.5-year grace period and an undisclosed Libor-based interest rate, the IDB says. Local funding will cover the other $112.5m. The multilateral is also lending El Salvador’s government $115m to help improve highways, it says. The 25-year loan has a 5.5-year grace period and undisclosed Libor-based interest rate. The IDB says

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