LatinNews Daily - 07 December 2018

* The Inter-American Development Bank (IDB) has approved a US$300m guarantee for Ecuador to issue sovereign social impact bonds. These will be the first sovereign social bonds in the region and the first time that the IDB provides a guarantee on sovereign bonds. The IDB notes that these bonds, part of the national ‘Casa para Todos’ housing plan, will help reduce Ecuador’s housing deficit by contributing to setting up a system to grant mortgages to middle-income families that cannot access affordable housing. The social bonds will be issued on international markets.

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