CDEEE complies with the provisions of the IDB

Improvement in the efficiency of operational and financial of the distributors of electricity (Edes), reduction of losses, the increase in invoiced customers and users with 24-hour of energy enabled the disbursement to the country's US$ 200 million from the Inter-American Bank of development (IDB).

According to a report, the funds, who entered this week and which will strengthen the reserves of the Central Bank, were structured as a credit on the basis of 10 conditionalities demanded by the IDB, eight of which corresponded to the power sector and the remaining two to the Ministry of finance and the Social Cabinet.

"Resources were freely available to finance." "I.e., that they could be used to finance any part of the budget that were not intended specifically for the CDEEE or the electric power industry", said Celso Marranzini, Executive Vice President of the u000ainstitution.

Marranzini argued that other conditionalities were increasing the benefit from the targeted subsidy Bonoluz and improvement index recovery of cash (CRI) of the electricity distribution companies

In addition, the identification and definition of responsibilities for the development of technical and financial of the Rural Electrification Plan criteria, as well as the installation of a modern technological system (SAP) to manage information reliable and integrated the CDEEE and the Edes and strengthen the transparency of the sector, among other aspects of relevance.

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