Guatemala funds roadworks with IDB financing

Guatemala funds roadworks with IDB financing

Project & Infrastructure Finance Highways Debt Loans International Financial Institutions Inter-American Development Bank (IDB) Guatemala United States Spain Central America

Guatemala has secured $175 million in financing arranged by the Inter-American Development Bank (IDB) to widen a 35km stretch of highway CA-9, according to a press release on Monday. The IDB said it will provide $75 million, while Spanish development agency AECID will supply $100 million through the Fonprode program as part of a co-financing agreement with the US-based development bank. The 23-year loan will be disbursed over five years and come with a 7.-5 year grace period. It will charge inte

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