IDB Unveils Planned Assistance for Peru in 2011

The Inter-American Bank plans to provide up to $790 million worth of loans to Peru this year, according to an official of the bank.

Of the sum, $440 million will be for government projects, while $350 million will go to private sector initiatives, Andina reports, citing Fidel Jaramillo, the IDB representative to Peru.

The loans for the public sector will finance programmatic and contingency programs, while the loans for the private sector will aid small and medium-sized enterprises and support financial, infrastructure, energy and transport projects, Jaramillo said.

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About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.