IADB’s funding needs only marginally up despite $12bn coronavirus response package

By Burhan Khadbai
31 Mar 2020

The Inter-American Development Bank has added slightly to its 2020 funding programme following the announcement of a substantial lending package in response to the Covid-19 crisis.

“The original borrowing requirement was $20bn for the year but now it’s $20.5bn,” Laura Fan, IADB’s head of funding, told GlobalCapital. “IADB tries to maintain a stable funding programme on a yearly basis.  The original 2020 funding target was already higher than the original cash flow projections and ...

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