The Inter-American Development Bank.THE INTER-AMERICAN DEVELOPMENT BANK Inter-American Development Bank (IDB) international organization founded in 1959 by 20 governments in North and South America to finance economic and social development in the Western Hemisphere. , a multilateral lending institution Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in , approved a US$200 million loan for Empresas Publicas de Medellin, the power and water company in the Colombian city of Medellin, to help finance a new hydroelectric power hydroelectric power: see power, electric; water power. hydroelectric power Electricity produced from generators driven by water turbines that convert the energy in falling or fast-flowing water to mechanical energy. plant. Startup is scheduled for the second half of 2010. |
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