Colombia Snags IDB Line for Water Services

The IDB has approved a $27.8m loan for Colombia’s Pasto municipality to ensure its urban and rural residents have access to high-quality, efficient, and sustainable water and sewer services. The loan is for 25 years with a 6-year grace period and an interest rate based over Libor. The government of Colombia will provide $16.2m in counterpart funding, for a total program budget of $44m, the development bank says.