IDB Approves Chile Waste Loan

The IDB has approved a $100m 10-year loan with a 5-year grace period to Chile for integrated solid waste management. The deal is basis Libor and local counterpart financing will match the loan. The performance-driven loan is from an existing $400m conditional credit line for investment projects to support regional development. The Subsecretaria de Desarrollo Regional y Administrativo will carry out the project. The central and regional governments and municipalities are undertaking joint efforts to address the environmental and sanitary challenges posed by the growing volumes of residential solid waste in the country.