China surpassed in 2014 both the IDB and the World Bank as a creditor

China provided last year $ 22,100 million to Latin America, a bigger amount than the 20,000 million of combined funding from the World Bank (WB) and the Inter-American Development Bank (IDB) and the mostly concentrated part in Brazil, Argentina, Venezuela and Ecuador. In 2014,...

IDB gives a loan to Ecuador for Electricity Program

The Inter-American Development Bank (IDB) announced today it will hold a loan of 220 million dollars to Ecuador to finance the electricity distribution program. The total cost of this program is USD 274.4 million. This will strengthen the National System of Electrical...