Finances groups of similar works (a sample of which are fully defined) with the following characteristics: (i) they are physically similar but independent of each other; (ii) their feasibility does not depend on the execution of any number of the works projects; and (iii) their individual size does not warrant direct Bank handling.
Examples: Financing infrastructure and basic services in numerous rural areas.
Lending rate: SOFR base rate + IDB Ordinary Capital variable lending spread:
SOFR base rate is USD SOFR daily overnight compounded rate + IDB's funding margin. Funding margin for 1st quarter 2025 is 41 bps.
IDB’s Ordinary Capital lending spread - for 2025 is 80 bps.
Fees: Commitment fee 50 bps; applicable on undisbursed loan amount and starts to accrue 60 days after loan contract signature.
Interest and Currency conversion options are available.
For applicable loan charges and conversion option fees, please refer to www.iadb.org/rates
Flexible repayment options subject to a maximum maturity of 25 years, and maximum Weighted Average Life (WAL) of 15.25 years.
Standard Grace Period: 5.5 years.
Standard amortization schedule (semiannual, straight-line payments), bullet repayment structures, extended grace periods, uneven amortization schedules, and shorter repayment periods are available without additional cost.
Finance investments with defined objectives and scopes
Specific Investment Loans
(ESP)
Finance policy reforms or institutional changes
Policy-Based Loans
(PBL)
Currency Risk Management
Currency Conversion Option
(N/A)
Combining financial instruments ensures timely funds, spreads risk, and optimizes resources for disaster recovery and climate resilience. This approach supports immediate response and long-term investment, creating a robust and sustainable financial strategy.
PROSAMIM III aimed to improve the living conditions of 148,872 residents in Manaus, focusing on environmental, urban, and social challenges. The program addressed flood risk, inadequate sanitation, and precarious housing in the São Raimundo Basin through drainage, sanitation infrastructure, urban planning, and social support initiatives. Over $259 million was invested to create sustainable and resilient communities.
The program significantly enhanced environmental and urban conditions. It reduced flood-prone areas by 53.8 hectares and provided 27,505 households with wastewater connections to the network. It improved water quality indicators and supported public health efforts, including a 17.3% reduction in parasitic infections among schoolchildren. PROSAMIM III fostered community engagement and sustainability through local governance initiatives and education campaigns. The program successfully mitigated risks to vulnerable populations and promoted social and environmental resilience in Manaus.
This program focused on improving the productivity and competitiveness of the San Juan province by addressing key challenges such as limited access to credit, inefficient transportation infrastructure, and suboptimal water resource management. The initiative targeted small producers and businesses, aiming to shift production from traditional to higher-value crops and increase export capacity. The $38.3 million project integrated credit access, road rehabilitation, and irrigation improvements to achieve its goals.
The program delivered substantial results in enhancing productivity and infrastructure in San Juan. Credit access improvements led to a 46.05% increase in sales among beneficiaries compared to non-beneficiaries, while road rehabilitation reduced travel times by 81% and vehicle operating costs by 49%. Irrigation interventions increased user satisfaction by 18% and expanded access to water-efficient technologies. The initiative fostered innovation, supported the transition to high-value crops, and achieved a 118% increase in cultivated non-traditional crop areas. Despite challenges with innovation adoption, the project exceeded its goals for productivity and infrastructure development.