NewsWhore
10-28-2010, 03:50 PM
The Inter-American Development Bank (IDB) has announced the approval of a US$120 million loan to enhance competitiveness policy.
The program will support the design and implementation of a competition policy and carry out institutional and legal reforms that contribute to improved fiscal management and economic planning, and investment in specific activities to increase the productive efficiency of the real sectors of the economy, the IDB reports.
The IDB financing consists of a loan of $110 million of ordinary capital with a repayment period of 20 years, a grace period of 5 years and an interest rate of LIBOR. The technical cooperation of $10 million consists of a repayment period of 15 years, a grace period of 5 years and an interest rate of LIBOR.
www.iadb.org/news/detail.cfm?language=EN&id=8402&artid=8402 (http://www.iadb.org/news/detail.cfm?language=EN&id=8402&artid=8402)
More... (http://www.dr1.com/index.html#7)
The program will support the design and implementation of a competition policy and carry out institutional and legal reforms that contribute to improved fiscal management and economic planning, and investment in specific activities to increase the productive efficiency of the real sectors of the economy, the IDB reports.
The IDB financing consists of a loan of $110 million of ordinary capital with a repayment period of 20 years, a grace period of 5 years and an interest rate of LIBOR. The technical cooperation of $10 million consists of a repayment period of 15 years, a grace period of 5 years and an interest rate of LIBOR.
www.iadb.org/news/detail.cfm?language=EN&id=8402&artid=8402 (http://www.iadb.org/news/detail.cfm?language=EN&id=8402&artid=8402)
More... (http://www.dr1.com/index.html#7)