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| (Courtesy CIA.gov) |
IDB’s loan consists of a $48.86m 2033 portion awarded from the bank’s ordinary capital to be paid back at a Libor-linked price and a $7.74m tranche at 0.25% interest for an 80-year term and 40-year grace period.
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Monday, September 24, 2018
Bolivia: IDB Loan Could Boost Geothermal Energy Development
IDB approves $51.6 million loan to boost electricity sector in Bolivia (News Release)
The Inter-American Development Bank (IDB) has awarded a $51.6m loan to Bolivia last week to promote the country's sustainable energy development. The multilateral said resources will promote geothermal, solar and wind power in the nation, which currently produces 80% of its electricity demand through fossil fuels.
IDB’s loan consists of a $48.86m 2033 portion awarded from the bank’s ordinary capital to be paid back at a Libor-linked price and a $7.74m tranche at 0.25% interest for an 80-year term and 40-year grace period.
Read More........
IDB’s loan consists of a $48.86m 2033 portion awarded from the bank’s ordinary capital to be paid back at a Libor-linked price and a $7.74m tranche at 0.25% interest for an 80-year term and 40-year grace period.
Read More........
