WASHINGTON, March 15, 2016 - The World Bank’s Board of Executive Directors today approved the following project:
Ecuador - Ecuador Risk Mitigation and Emergency Recovery Project
- IBRD Loan: US $150 million equivalent
- Terms: Maturity = 35 years Grace = 18 years
- Project ID: P157324
Project Description: The objectives of the project are to reduce the potential effects of the El Niño phenomenon and the Cotopaxi volcano, and to support the resumption of basic and productive services in case of a natural disaster.
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