Peru Gets CAF Loan, IDB Support

Peru and multilateral bank CAF have signed a $300m loan for rebuilding after natural disasters including earthquakes and floods. The loan has an 18-year term, a 4-year grace period and Libor-based interest rate. Separately, the IDB has approved a $50m loan for Peru to finance reforms to improve business productivity and competitiveness. The loan has a 1-year maturity, a grace period of 5 years and pays interest based on Libor.