IDB Supports Health, Education in Guatemala

Guatemala will receive two loans for a total of $350m from the IDB to fight malnutrition and improve health and education, the multilateral says. A $200m loan will finance a conditional cash transfer program called Mi Familia Progresa targeting chronic malnutrition and truancy in priority municipalities. The financing includes a 20-year $139m loan with a 5-year grace period, at a variable interest rate, with a parallel concessional financing of $61m. The multilateral will also provide a 25 year, 5-year grace period, adjustable interest rate $150m loan to improve preprimary and primary education.