Argentina Gets IDB Power Line Loan

The IDB has approved $300m in financing to Argentina for the completion of a 1,220km 500kv power line, as well as to support provincial and regional transmission and sub-transmission works that are part of the country’s Norte Grande development and integration program. The new IDB financing will complement a $580m loan approved by the bank in 2006. The latest loan is for a 25-year term, with a 5-year grace period at a variable interest rate.