IDB lends money

[NewsWhore]

Hoy is reporting that the Inter-American Development Bank (IDB) will loan US$40 million to the power distributors for the purpose of improving the electricity system. The funds will allow the three major distributors - EdeSur, EdeEste and EdeNorte - to purchase better equipment to improve their services to the public. The money will also be used to implement a theft prevention system to limit the amount of stolen electricity. The program has been developed in coordination with the IDB, the World Bank and the Organization of Petroleum Exporting Countries (OPEC) International Development Fund.

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