Brazil, Nicaragua Secure IDB Support

11-06-2009 | Source: LatinFinance.com

The Brazilian city of Fortaleza is getting a $59.4 million IDB loan to finance integrated urban-upgrading for neighborhoods located alongside the main rivers. The loan matures in 25 years and has a grace and disbursement period of five years. The loan is denominated in USD and its interest rate is based on Libor. Local counterpart funds for the project total $39.60 million. Nicaragua, meanwhile, is getting a $43.50 million IDB credit line to improve its road system. The credit line consists of...

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