September 24, 2018 |
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.
Multilateral offers almost $52m in long-term funding for the country's renewables development