Bolivia Bags IDB Financing

The IDB has approved $30m in financing for Bolivia to be used to improve budget management and control public expenditure. The financial package includes a $21m loan for a 30-year term with a 5.5-year grace period at a rate based on Libor, and a $9m concessional credit for a 40-year term with a 40-year grace period and 0.25% rate.