IDB Loans to Bolivia

The Inter-American Development Bank (IDB) has agreed to provide $57m in loans to Bolivia to improve rural irrigation systems, it says. The package includes a $45.7m 30-year loan with a 6-year grace period and undisclosed fixed interest rate, coming from the bank’s ordinary capital. A second $11.4m 40-year loan comes from the IDB’s fund for special operations, and has a 0.25% interest rate.