- The Inter-American Development Bank (IDB) approved financing of $100 million to improve the living conditions of vulnerable populations in the country
- The operation will support the generation of opportunities for the employment of beneficiaries of the Supérate Program in the care sector
The program approved by the IDB focuses on improving the social protection network, by introducing innovations in the Unique System of Beneficiaries to identify users and support families through conditional cash transfers (CCT) in health and education.
In addition, it provides for the creation and management of a care network, the strengthening of care services, the purchase of support devices for the population with disabilities, and the construction, expansion, and equipment for these purposes.
Interventions will benefit all households in the Supérate Program, which is estimated to reach 1,350,000 participants. Specifically, transfers are expected to contribute to consumptions levels of around 171,000 households.
Supporting vulnerable populations and gender equality are two of the IDB Group’s objectives in its Vision 2025, a roadmap to achieve inclusive and sustainable growth in Latin America and the Caribbean.
El préstamo tiene un período de desembolso de 4 años, un período de gracia de 5,5 años y una tasa de interés basada en LIBOR.
About the IDB
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.