IDB extends green credit line to Argentina

IDB extends green credit line to Argentina

Inter-American Development Bank (IDB) IDB Invest Debt Loans Capital Markets Argentina El Salvador Central America ESG Green Finance

The Inter-American Development Bank (IDB) said Wednesday that it approved a $1.14 billion credit line for Argentina to lower greenhouse gas emissions. As part of the financing, the IDB authorized a 25-year, $200 million loan with a 5.5-year grace period and a coupon based on the secured overnight financing rate (SOFR), it said in a press release. The Washington DC-based lender added that French development agency AFD will provide an additional $100 million in financing while the European Investm

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