Highlighting Sustainable Development Goal #3-
The
This issuance follows IDB's March announcement that it would direct up to
The IDB will concentrate support in four main areas:
The Immediate Public Health Response: Support for countries' preparedness and response capacities to help contain the transmission of the virus and mitigate its impact, with resources to strengthen public healthcare systems and purchase supplies and equipment.
Safety Nets for Vulnerable Populations: Measures to protect the income of the most affected populations through existing transfer programs, non-contributory pensions and grants. Other proposed measures include extraordinary transfers to workers in the informal sector and support for companies in sectors particularly affected by the crisis, such as tourism.
Economic Productivity and Employment: Assistance to SMEs, which account for 70% of the region's jobs, through financing programs and short-term liquidity guarantees, foreign-trade financing and guarantees, loan restructuring, and support for strategic supply chains.
Fiscal Policies for the Amelioration of Economic Impacts: Support to countries in designing and implementing policies in three key areas: fiscal measures to finance the response to the crisis; continuity plans for the execution of expenditures and public procurement; and measures to support economic recovery.
This is IDB's first SDB private placement targeted to a Japanese institutional investor,
Issuer:
Issuer rating:
Aaa /
Amount:
AUD 350,000,000
Settlement date:
Coupon:
Coupon payment dates:
1.30 %
29 May and 29 November (semi-annual)
Maturity date:
Clearing systems:
Euroclear, Clearstream
Lead manager:
ISIN / CUSIP:
XS2178073529 / 217807352
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