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LatinNews Daily - 26 July 2019

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In brief: El Salvador to receive US$200m IDB loan

* El Salvador’s national legislative assembly has approved a US$200m loan from the Inter-American Development Bank (IDB) aimed at providing support for the 2019 budget and strengthening fiscal stability. Approved by 73 of the 84 deputies, the loan has an amortisation period of 20 years and an indicative interest rate calculated by the London Inter-Bank Offered Rate (Libor) of 3.52%. The loan will contribute to shore up the country’s pension system, the trust fund for the Central American Games, the financing of electricity, and the salaries of employees of the ministry of health, the national civil police, and the ministry of education.