Overview
- Supreme Decree No. 245-2025-EF approves a contingent credit line of up to €200 million with the Agence Française de Développement.
- The facility is designed to provide rapid liquidity for natural or technological disasters, declared emergencies, or severe economic or financial crises, and no disbursement has been triggered.
- Key terms include a tenor of up to 20 years, a 36‑month grace period from signing, interest at six‑month Euribor plus 2.02%, a 0.5% upfront evaluation fee, and a 0.40% annual commitment fee on undrawn amounts.
- The Treasury Directorate of the Finance Ministry is authorized to convert the variable interest to a fixed rate, and the minister may sign the agreement on the state’s behalf.
- Debt service will be paid from budgeted public debt resources, and the authorization rests on Legislative Decree No. 1437 with approval by the Council of Ministers and the president’s signature.