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When three provinces in Colombia, for example, borrowed dollars from the bank, they entered into a currency swap with the bank to protect the value of their loan for projects that had to be paid in pesos.
The first is a $36 million grant program to finance demonstration projects that produce ethanol from cane sugar, sugar cane and sugar cane byproducts; and the second, loan guarantees (up to 80percentt of a $50 million loan) for projects that produce ethanol from sugar cane, bagasse and other sugar cane byproducts (molasses).
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The proposal — sponsored by Senator John Kerry, Democrat of Massachusetts, and Senator Kay Bailey Hutchison, Republican of Texas — would establish an independent bank to provide loans and loan guarantees for projects of regional or national significance.
The Agriculture and Commerce Departments are administering the grants and loans for projects in 50 states and Washington.
Over the past years, the Iranian government has handed out low-interest loans for projects to reinforce buildings in rural areas.
The group said it objected to the bank's loans for projects like mining in Amazon rain forests.
In Trinidad and Tobago, he met with 10 Caribbean leaders and promised $3 billion in loans for projects in the region, according to Bloomberg News.
"Nine out of 10 lenders" have stopped making construction loans for projects with 100 or more units, according to the developer David Barry, the president of the Applied Companies in Hoboken.
But developers have argued that it is not feasible to reserve more than 5percentt now because banks have been unwilling to approve loans for projects with higher proportions of low-rent apartments since Sept. 11.
Kiva aims to provide loans for projects to alleviate poverty with interest-free loans from worldwide lenders.
Ex-Im provides loans for projects in other countries that will purchase U.S.-manufactured goods or use U.S. services.
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