Bolivia secures two-tranche loan from IDB

Bolivia secures two-tranche loan from IDB

Corporate & Sovereign Strategy Loans Bolivia

The IDB has awarded a $51.6m loan to Bolivia last week to promote the country's sustainable energy development. The multilateral said resources will promote geothermal, solar and wind power in the nation, which currently produces 80% of its electricity demand through fossil fuels. IDB’s loan consists of a $48.86m 2033 portion awarded from the bank’s ordinary capital to be paid back at a Libor-linked price and a $7.74m tranche at 0.25% interest for an 80-year term and 40-year grace period. IDB sa

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