Inter-American Development Bank News
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Jamaica will receive a $932 million loan from the International Monetary Fund after the Caribbean island restructured about $9 billion in local debt for the second time in three years.
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The Inter-American Development Bank will create a $50 million loan facility to spur development of energy-efficiency projects in Latin America and the Caribbean.
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Argentina will receive a $500 million loan from the Washington-based Inter-American Development Bank to finance water and sanitation works in northern provinces, according to today’s official gazette.
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SG Biofuels Inc., the green fuel biotech company working with Airbus SAS, is seeking a partner in Southeast Asia or Africa and expects to complete a cooperation deal within 180 days to expand its business into new markets.
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The Inter-American Development Bank has agreed to loan Spain’s Solarpack Corp. Tecnologica $41.4 million to develop three photovoltaic-solar projects in Chile’s Atacama desert as the nation seeks to diversify its energy supply.
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China will help the Inter-American Development Bank finance $12 billion in loans for Latin America and the Caribbean this year as the region struggles to recover from the global financial crisis.
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Inter-American Development Bank is selling at least 200 million pounds of bonds due in December 2014, according to a banker involved in the transaction.
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Inter-American Development Bank is selling five-year benchmark bonds in dollars that will be priced to yield eight basis points less than the swap rate, according to a banker involved in the deal.
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Colombia’s central bank may step up dollar purchases as the South American country seeks to bolster its drive to weaken the peso, bank Governor Jose Dario Uribe said.
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Latin America and the Caribbean face weaker economic growth over the next five years as commodity prices fall and governments struggle with fiscal deficits, the Inter-American Development Bank said.
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