Colombia Sees IDB Boost

The IDB has approved a $250m loan for Colombia to help boost the country’s water and sanitation services. The loan is for a 20 year term with a 5-year grace period, and priced over Libor. The improvement of the water and sanitation systems is expected to bring an increase in urban water coverage in 2011 to 97.8% from 94.5%, and sanitation coverage to 93.2% from 90.1%, says the IDB.