March 12, 2021
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
US-based development bank also supplies $75 mln for cash transfers and small business grants in Jamaica