IDB signs Ecuador energy loan

IDB signs Ecuador energy loan

Bonds Structured Finance Ecuador Project & Infrastructure Finance

The Inter-American Development Bank said it will provide a $143m loan for Ecuador to make changes to its energy matrix and support recovery plans in areas hit by an earthquake earlier this year.The financing involves a 25-year $118m loan directly from the IDB with interest rates based on Libor. It also includes $25m from the Korea Infrastructure Development Co-financing Facility in Latin America and the Caribbean at a rate of 2.5%. The Ecuadorian government will contribute $17.1m, the

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