Providing loans to the transportation sector

In thirty-three years of operations in Latin America and the Caribbean, the Inter-American Development Bank (IDB) has made 268 loans for US$8,900 million to finance communications and transportations projects costing a total of $20,500 million. Some of the larger transportation loans of 1993 included: $340 million for the Argentinian road corridor programme; in Brazil, $267 million for the modernization of the Fernao Dias highway and $147 million for highway corridors; $180 million for the modernization of Mexican feeder highways and rural roads; $30.9 and $10 million loans for the Paraguayan national rural roads programme, and $180 million for the Panamanian road repair and administration programme.