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GC Asia
IADB bumps up 2020 funding need
The Inter-American Development Bank has bumped up its 2020 funding programme by almost a quarter to fund its response to the coronavirus pandemic.
The 2020 funding programme has risen to $25.6bn, up from a previously announced $20.5bn, Laura Fan, IADB’s head of funding, told GlobalCapital.
This is the second time the supranational has increased its programme this year. The IADB announced a marginal $500m increase at the end of March.
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