The IDB told the Financial Times that new IDB loans for the Camisea project would be dependent on the outcomes of environmental and technical audits. The project consortium is looking for $400 million in loans from the IDB for the second phase of the project to liquify natural gas. Luis Alberto Moreno, the IDB president, told the FT: “We are not even close to approving the loan. Without the audit we can’t go to the second phase.”
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