IDB puts up money for jobs, vaccines in Ecuador

IDB puts up money for jobs, vaccines in Ecuador

International Financial Institutions Inter-American Development Bank (IDB) Loans Debt Coronavirus ESG Ecuador Jamaica Caribbean United States

The Inter-American Development Bank (IDB) said Thursday that it approved $263 million in financing for two projects in Ecuador, including $200 million for jobs growth and $63 million for COVID-19 vaccines. The $200 million loan lasts for 18 years and has an interest rate based on Libor, while the $63 million credit guarantee has a tenor of 25 years, the IDB said in a press release. The loan provides funding to boost employment among "particularly vulnerable segments of the population," looking t

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