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Latest News in Peru / Archive
World | 29 October, 2009 [ 12:48 ]
IDB approves US $20 million dollar loan for improving sanitation services in Peru
LivinginPeru.com
Isabel Guerra
The Inter-American Development Bank (IDB) announced that it has granted a US $20 million loan to help Peru’s government efforts on improving sustainability of water and sanitation services.
A press release from IDB states that this loan will be channeled into a program designed to correct service deficiencies, such as intermittent water supply, low quality of water, high level of unmetered water, average payment arrears of five months, and rates too low to cover operational costs.
The same press release makes clear that this is the third and last loan approved for this sector, in order to help the Peruvian government start structural, institutional, law and regulatory reforms.
The loan is for a 20-year term, with a 5-year grace period, at a variable interest rate based on Libor.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
The Inter-American Development Bank (IDB) announced that it has granted a US $20 million loan to help Peru’s government efforts on improving sustainability of water and sanitation services. A press release from IDB states that this loan will be channeled into a program designed to correct service deficiencies, such as intermittent water supply, low quality of water, high level of unmetered water, average payment arrears of five months, and rates too low to cover operational costs.
The same press release makes clear that this is the third and last loan approved for this sector, in order to help the Peruvian government start structural, institutional, law and regulatory reforms.
The loan is for a 20-year term, with a 5-year grace period, at a variable interest rate based on Libor.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
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