Colombia secures the first $53.1 mn loan in local currency with the IDB

In order to finance the “Potable Water and Sanitation Program” in La Guajira region in northern Colombia, the National Government reported that the country is the first to secure a sovereign loan with the IDB (Inter-American Development Bank) in local currency, amounting to $ 53 million. Funds will be used to increase access to and quality of drinking water and basic sanitation services, as well as to improve the management capacity of local providers and support their regionalization process in order to to increase the coverage, quality and continuity of the domestic water supply and sewerage services in that area of the country.

Source: La República