IDB allocates $ 161.8 mn to improve social security system in Colombia

The Inter-American Development Bank (IDB) announced the approval of $ 161.8 million for Colombia for the sustainability of its social security system. Resources are destined to improve the management of total expenditure on health services and technologies, as well as to strengthen the efficiency and coverage of the General Social Security System. The IDB hopes that these resources will also be an incentive to increase health coverage for the immigrant population. The program has a loan of $ 150 million, with a repayment term of 14.7 years and a Libor interest rate. Additionally, it will have $ 11.8 million of non-reimbursable resources aimed at improving access to health for the migrant population.

Source: Valora Analitik