El Salvador to Receive $50m IDB Loan

El Salvador is set to receive a $50m Inter-American Development Bank loan for natural disaster infrastructure and preparation, as well as living condition improvements. The 25-year loan has a grace period of 5 years and an interest rate based on Libor. In September last year, the IDB approved a $200m loan to help strengthen El Salvador’s financial sector as part of an about $450m package.