End of preview - This article contains approximately 122 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Regional Monitor: Brazil & Southern Cone - 16 September 2019
In brief: IDB announces US$250m loan for Uruguay
* The Inter-American Development Bank (IDB) has announced a US$250m loan supporting Uruguay’s investment, trade & innovation framework modernisation programme. Its goals are to consolidate sectoral reform and modernise the overall framework of policies relating to the three areas of focus that will allow for the country’s economic internationalisation. Specific objectives of the programme are to increase investment opportunities, improve international business and international trade performance, encourage innovation within the corporate sphere, and improve technological absorption. IDB’s loan carries a 20-year term, a grace period with deferred drawdown option and a Libor-based interest rate. This is the second operation in a series of policy-based programmatic loans for Uruguay. The first operation, also for US$250m, was approved by the IDB in December 2017.
