IDB Approves $128.48 Million Financing Package to Improve Water Security in Ecuador
United States, Oct. 22 -- The Board of Executive Directors of the Inter-American Development Bank (IDB) approved a $128.48 million financing package to improve water security in Ecuador and strengthen the capacity of Banco de Desarrollo del Ecuador B.P. (BDE B.P.) to mobilize capital.The package consists of a $120 million multiple works investment loan, as well as a $4.76 million loan and a $3.72 million grant from the Green Climate Fund to strengthen water resilience in the Ecuadorian Amazon.The program is aligned with Amazonia Forever, the IDB Group initiative that promotes sustainable development and the protection of Amazon ecosystems.Approximately 283,000 people, including 166,000 in the Amazon region, will directly benefit from improv...
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