$150 Million for Panama

The World Bank funds were granted for the current fiscal year, from July 30 to June 2010.

Thursday, July 16, 2009

"Panama is an important partner. We reiterate our support to its government's agenda and our commitment to analyze cooperation opportunities in the future" said Pamela Cox, World Bank Vice President for Latin America and the Caribbean, who met with Panamanian president Ricardo Martinelli and his Economy and Finance Minister, Alberto Vallarino.

They discussed the Bank's cooperation plans, which include $150 available right now and the alliance strategy with the country for the 2010-2013 period.



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El Salvador Receives an Additional $250 million

July 2009

These World Bank funds will be used in social spending, education, health care, job generation, public structure and in the public sector.

The multilateral organism made a commitment to grant El Salvador an additional $250 million for the June 2009 - June 2010 fiscal period.

El Salvador: $500 Million more from IDB

June 2009

The funds will be available beginning in 2010 and they will be used to fund some projects of Mauricio Funes’ new government.

The president of the Inter-American Development Bank (IDB), Luis Alberto Moreno, announced the new line of credit granted to El Salvador during a visit to the country. This loan is in addition to the $450 million loan granted in 2009 by the same body.

World Bank lends $200 million to Guatemala

October 2008

The World Bank approved a $200 million Development Policy Loan for Guatemala.

The Bank's press release states that the main objectives of this loan are:

-To attend to fiscal and financial needs during a year of economic slowdown.

-To improve economic growth outlooks, increase fiscal spaces address public expense priorities, and contribute to improving the country’s governance and poverty reduction.

World Bank plans US$100 million loan for Honduras

June 2008

The World Bank is going to lend Honduras US$100 million in the second half of this year, the bank's managing director, Juan José Daboud, announced.

The loan is to support the government's development plans and in particular its efforts to resolve the food crisis, said Daboud, who was on a two-day visit to Honduras that included talks with President Manuel Zelaya and other senior officials.

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