IDB Funds Argentina Water Expansion Projects

Inter-American Development Bank (IDB) has offered a $200m loan to Argentina to finance water and sanitation improvement projects in two cities and their suburban areas.

The loan will be used to improve sewage services in the Greater San Juan metropolitan area and upgrade the water services in the central and western area of the city of Salta, benefiting about 600,000 people.

The Argentinian water projects were also offered an IDB-approved conditional credit line of up to $710m.

Subsequent funding will be used to finance 16 projects in 11 provinces, including four water and 12 sanitation projects.

The projects were identified by the Argentinian Government as part of its long-term strategy to reach universal coverage of water and sanitation services in the country.

The loan was extended for 25 years, with a five-year grace period.