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    IDB Chief: Loans Could Reach Record Levels in 2009

    By Devex Editor // 24 February 2009

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    IDB to connect Latin America critical minerals supply with global demand
    IDB to connect Latin America critical minerals supply with global demand

    Fueled by the worldwide financial woes and U.S. economic slowdown, request for financial assistance of Latin American countries from the Inter-American Development Bank may reach record-breaking levels in 2009, IDB President Luis Alberto Moreno said in an interview with

    . The bank is ready to lend as much as USD18 billion this year, including USD6 billion from an emergency liquidity fund established last year, Moreno said. He added that loans from the fund may hit nearly USD2.5 billion in the next three months.

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    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

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      Thanks a lot for your interest in Devex News. To share news and views, story ideas and press releases, please email editor@devex.com. We look forward to hearing from you.

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