WASHINGTON, 1 June 2009: Bolivia, Guyana, Honduras and Nicaragua (de fire latinamerikanske lande, der er eller har været inkluderet i Verdensbankens og IMFs gældslettelsesinitiativ for fattige og stærkt forgældede lande, HIPC. Red) will collectively have access to up to 485 million US dollar in lending resources per year from the Inter-American Development Bank during 2009 and 2010, to help these countries overcome the effects of the global economic crisis.
By increasing the concessionary funds available for these four countries through a supplementary allocation, total IDB lending can expand 39 per cent, from 349 million US dollar per year in 2007 and 2008, to 485 million US dollar per year in 2009 and 2010.
– This crisis is inflicting real hardship on working families in our member countries, said IDB President Luis Alberto Moreno, and added: – These resources will give the governments of Bolivia, Guyana, Honduras and Nicaragua additional flexibility to finance counterciclical policies and strengthen social safety nets for their most vulnerable citizens.
The IDB lends to these four countries with a blend of resources in which loans from its Ordinary Capital are made available together with resources from the Fund for Special Operations, in proportions designed to balance each borrower’s needs with its long-term capacity to absorb additional debt productively.
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