IDB Offers $55m Loan to Guatemala

The IDB has given Guatemala a $55m loan to finance a rural electrification program. This is the first part of a 2-part facility that will add up to $100m. The first part has a maturity of 25 years and a 5 year grace period with a variable interest rate starting at 5%. The second tranche will be approved once satisfactory progress in the first one is shown, the IDB says.