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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