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Thursday, September 11

Toledo government gets its wish -- IADB finances Camisea

Peru's Amazon gas project approved: "In announcing its decision, the Washington-based lender said Camisea was one of the most significant capital investment programmes in Peru's history." BBC Interesting that the U.S. Import-Export Bank and the U.S. government have higher environmental standards than the Inter-American Development Bank.

Development Bank Agrees to Finance Gas Project in Peru: "The American representative, Jose Fourquet, abstained largely because of trepidation over the adequacy of an environmental evaluation of the project, people familiar with the vote said. On Aug. 28, the Export-Import Bank, a United States government credit agency that had also raised concerns, rejected a $214 million loan." NY Times

Bank approves money for gas project in Peru Houston Chronicle / Reuters ::: Background information from Forbes

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