Guatemala Gets IDB Loan

The IDB has approved loans worth $250m for Guatemala to enhance the government’s capacity to mitigate climate change. The financing consists of a $213.20m, 20 year loan with a variable interest rate based on Libor, a $29.40m, 30-year loan with a fixed interest rate, and a 40-year $7.40m concessional loan with a 0.25% annual interest rate.