The project will help SHF refinance its short-term debt with long-term debt, and provides technical assistance to improve its financing of low-income housing, the World Bank said in a press release. By restructuring its debt, SHF will be able to support mortgage growth during the current period of financial market turbulence, the World Bank added. ..." [Dow Jones/Factiva]

EFE adds that "...the resources of the transaction also will enhance the technical capabilities of the agency. The loan was granted to a repayment term of 30 years with a grace period of five years, said the communique." [Agencia EFE/Factiva]