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 the enhancements to the Mesoamerican Pacific Corridor will add to regional trade and cut travel times and delays. Ecuador is to also receive IDB funds, with a $60m, 25-year loan with a 12.5-year grace period and undisclosed Libor-based interest rate directed at its rural road network. The government adds $34.6m to the funds, which target 143km of roads. Finally, Brazil’s Parana state has been approved for a $60m loan with a 25-year term, 5.5-year grace period and undisclosed Libor-based interest rate. The funds aim to help low-income families in 156 municipalities.