Venezuela Accepts Terms of $700 Million IDB Loan, Nacional Says

The finance committee of Venezuela’s National Assembly yesterday approved the terms of a $700 million loan from the Inter-American Development Bank for repairs to the country’s Guri dam, El Nacional reported.

The dam feeds hydroelectric plants that produce more than two-thirds of the country’s power.

To contact the reporter on this story: Jose Orozco in Caracas at jorozco8@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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