El Salvador will receive a $200 million loan from the Inter-American Development Bank to improve tax collection and address the impact of climate change.

The 20-year loan from the Washington-based lender carries a variable interest rate based on the London interbank offered rate and comes with a five-year grace period, the IDB said in a statement today.

To contact the reporter on this story: Bill Faries in Buenos Aires at wfaries@bloomberg.net

To contact the editor responsible for this story: Richard Jarvie at rjarvie@bloomberg.net