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IDB approves five new sustainable loans

IDB approves five new sustainable loans

December 9, 2021
US-based development bank grants $1.8 bln in financing, including $1.2 bln for rural development in Brazil and $300 mln for loans through Fonplata

International Financial Institutions Inter-American Development Bank (IDB) Economy & Policy Debt Loans Sustainability-Linked Green Finance Project & Infrastructure Finance Water & Sewage Highways South America Brazil Barbados Dominican Republic Bolivia United States

The Inter-American Development Bank (IDB) said Wednesday that it had approved five new sustainable loans worth $1.8 billion, including $1.3 billion for projects in Brazil. In the first operation, the IDB granted a credit line for up to $1.2 billion for the agriculture ministry and the INCRA land reform agency to grant loans for rural development. The credit line includes a 23.5-year, $230 million loan for the northeast region plus an additional $$0 million from the government, according to the I

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