IDB funds electric vehicles in Peru

IDB funds electric vehicles in Peru

Corporate & Sovereign Strategy Inter-American Development Bank (IDB) International Financial Institutions Loans Peru Capital Markets ESG Green Finance

The Inter-American Development Bank (IDB) said Thursday that it had granted a $20 million loan for Peru to finance the acquisition of electric vehicles for public transport. The IDB provided a 20.5-year, $10.5 million loan from its ordinary capital and a 20-year, $9.5 million tranche from the Clean Technology Fund. The first tranches comes with a 6.5-year grace period, while the second tranche puts off payments for 10.5 years, the IDB said in a press release. Peruvian development bank Cofide wil

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