*The IADB has approved a $120 million loan for an agricultural and livestock credit program in Ecuador. The program, which will be executed by the Banco Nacionale de Fomento, should increase production of foods for the domestic and export markets.
*The IADB made a public offering of $200 million of its 9 7/8 percent 10-year notes in the Eurodollar market. The notes were issued at par, and were underwritten by Morgan Guaranty Ltd., Deutsche Bank Capital Markets Ltd. and Credit Suisse First Boston Ltd.
*The IADB has approved a $450,000 loan to Uruguay to help finance a credit program for about 400 farmers.
The project is aimed at raising the farmers' standard of living and increasing their productivity. A revolving fund with lines of credit will be made available to farmers in several remote settlements in the San Jose region of the country. Community investments will be made in areas such as irrigation works and the purchase of vehicles and machinery for common use.
*The IADB has approved a $180 million loan to Mexico for an industrial credit program.
Funds will be made available to small- and medium-scale industries for investment in fixed assets, such as machinery. The program will help expand and strengthen small- and medium-scale industrial firms, while creating new jobs and increasing the supply of essential goods in the domestic market.
*The IADB has approved a $24.6 million loan to improve highway transportation along the East-West Corridor in Trinidad and Tobago.
The project consists of two subprojects. A major two-lane highway will be rebuilt and widened to four lanes, and a 7.3-kilometer extension will be added to the two-lane Priority Bus Route.
The IADB is financing about 55 percent of the cost of the project, with the government of Trinidad and Tobago financing the remainder.
*The IADB has approved a $100 million loan to Mexico to help restore telephone, education and health services damanged in the earthquake that hit Mexico City in September. TELEMEX, the Mexican telephone company, will acquire the equipment needed to restore local and long distance service.
Facilities at about 1,800 primary and technical schools will be repaired or replaced.