IDB prepares up to $5B for projects without sovereign guarantees

The Inter-American Development Bank is ready to provide between $4 billion and $5 billion over the next four years in line with its new mandate, which allows for financing of projects without sovereign guarantees. “One of the areas of focus for the new mandate is water and wastewater, which traditionally has been managed or owned by states or municipalities,” IDB senior investment officer Susan Wermcrantz said. “Given our new mandate state-owned companies like those in Costa Rica, Mexico, Brazil, and really throughout the region would be eligible to receive our financing,” Wermcrantz added. The agency’s total lending for such projects, she clarified, “will be capped at 10% of the bank’s total lending,”

Source: IDB looks to disburse US$4bn-5bn for projects lacking sovereign guarantees (Business News Americas)

About the author