IDB funds energy investments in Ecuador

IDB funds energy investments in Ecuador

Loans Debt Project & Infrastructure Finance Energy Electricity Renewable Ecuador Andean US Coronavirus

The Inter-American Development Bank (IDB) said Friday that it granted a $280 million loan for Ecuador to invest in energy efficiency projects and broaden access to electricity from renewable sources. "The support of the IDB means a lot to Ecuador, especially in the current context in which fiscal revenue is forecast to post a major decline as a result of the impact of the coronavirus pandemic, which will be particularly rough in Ecuador as an oil producer," the Washington DC-based development ba

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