IDB loan decision delayed on Camisea pipeline project

Late last month the Inter-American Development Bank (IDB) postponed a decision to provide a $75 million loan for the pipeline portion of the Camisea natural gas megaproject in Peru's Amazon rainforest.The vote was officially delayed to Aug. 6, but at presstime last week there still had been no announcement of a decision.Enrique Iglesias, IDB president, was quoted in press reports as saying that the IDB board's postponed vote was to give board members time to consult with their respective governments.The loan is to finance the pipeline, currently under construction, which will transport gas from the Camisea fields near Cuzco over the Andes to the coast. A further $60 million credit...

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