IDB offers disaster relief to Paraguay

IDB offers disaster relief to Paraguay

Loans Economy & Policy Debt Project & Infrastructure Finance Paraguay US

The Inter-American Development Bank (IDB) said Wednesday that it granted a $250 million contingent loan to help Paraguay deal with natural disasters and future pandemics. The 25-year loan comes with a 5.5-year grace period and involves $150 million for floods and forest fires and $100 million for epidemics and pandemics, the IDB said in a press release. In May, the IDB organized $210 million in financing for Paraguay to increase healthcare spending and fund temporary cash transfer programs durin

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