Ecuador Says CAF Approves $275 Million Loan for Potable Water

Corporacion Andina de Fomento, the Latin American development lender known as CAF, approved a $275 million loan for potable water and solid waste projects in Ecuador, the country’s Finance Ministry said.

The loan has a maturity of 15 years and an interest rate of 2.6 percentage points over six-month Libor, the ministry said today in an e-mailed statement. The financing has a four-year grace period.

To contact the reporter on this story: Nathan Gill in Quito at ngill4@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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