Inter-American Development
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03 June 2009
Up to US$ 970 million will be made available by the Inter-American Development Bank (IDB) to Bolivia, Guyana, Honduras and Nicaragua over the next two years.
The +39% increased lending capacity has been approved by the IDB to help mitigate the impact of the global financial crisis on what are four of the bank's poorest member countries.
"This crisis is inflicting real hardship on working families in our member countries," said IDB president Luis Alberto Moreno. "These resources will give the respective governments' additional flexibility to finance countercyclical policies and strengthen social safety nets for their most vulnerable citizens."
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