IDB, JICA talk Ecuador loan

IDB, JICA talk Ecuador loan

Ecuador Loans

Ecuador will get a 25-year $150m loan from the IDB, which comes with a 7.5-year grace period over a Libor-based interest rate, a statement from the multilateral showed. The Andean nation will use proceeds to strengthen and expand its National Transmission System and its National Distribution System, both part of Ecuador's energy matrix. Part of a $309m program, the IDB said the funds would be prioritized for electricity in the country's agroindustrial sector, as well as in rural and marginal urb

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