The objective of the project is twofold: (i) to increase access to financing to water and sanitation boards (¿Juntas de Agua y Saneamiento¿) in Paraguay, and therefore contribute to improving and expanding access to potable water and sanitation services of families living in small cities and peri-urban areas of the country; and (ii) to increase access to credit for households so that they can finance in-house water and sewerage connections and/or home improvements that facilitate the use of Water and Sanitation (W&S) services. In order to achieve this objective, Opportunities for the Majority (OMJ) proposes to provide a local currency Partial Credit Guarantee (The ¿Guarantee¿) for an amount up to PYG 50 billion1, in favor of the Instituto de Previsión Social (¿IPS¿)2 to guarantee a loan to Visión Banco (¿VB¿). The Guarantee will be issued in Guaranies under the IDB-IPS Partnership and will have a tenor of up to seven years.
|Sector||WATER AND SANITATION|
|Subsector||WATER AND SANITATION-WATER SUPPLY RURAL AND PERI-URBAN|
|Approval Date||SEP 21, 2015|
|IDB Financing *||9.13|
|Total Cost H||USD 18,265,890|
|Country Counterpart Financing||USD 9,132,945|
|Reporting currency||USD - United States Dollar|
|Reporting Date||SEP 30, 2017|
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