$20: to modernize the management of public sector finances of Guatemala

The World Bank’s Board of Directors today approved a $20 million loan in additional financing to support Guatemala’s efforts to modernize the management of public sector finances. This work seeks to amplify the impact and development effectiveness of a project which is currently under implementation.

Thursday, March 27, 2008

“Additional financing through this project will help Guatemala continue to make progress in terms of improving the management of its investments in social services and basic rural infrastructure so that the programs benefit poor people,” said Laura Frigenti, World Bank Director for Central America. “Providing government officials with timely information on budget commitments will improve efficiency of public sector delivery.”
The project will help the government expand and complete its public sector modernization work in the areas of public expenditure, fiscal and financial management, as well as to strengthen its control systems and further implement its e-government strategy and continue progress under the previous project.

More on this topic

$20: to modernize the management of public sector finances of Guatemala

March 2008

The World Bank’s Board of Directors today approved a $20 million loan in additional financing to support Guatemala’s efforts to modernize the management of public sector finances. This work seeks to amplify the impact and development effectiveness of a project which is currently under implementation.

“Additional financing through this project will help Guatemala continue to make progress in terms of improving the management of its investments in social services and basic rural infrastructure so that the programs benefit poor people,” said Laura Frigenti, World Bank Director for Central America. “Providing government officials with timely information on budget commitments will improve efficiency of public sector delivery.”

$ 10 Million for Financial Management in Nicaragua

October 2010

The loan from the Inter-American Development Bank (IDB) will provide more efficiency and transparency in public expenditure.

Nicaragua will improve the efficiency and transparency of public expenditure and modernize the process and management systems of state finances with the help of a loan of U.S. $ 10 million from the Inter-American Development Bank (IDB).

World Bank approved $100 Million for Panama

December 2008

The loan aims to enhance private sector competitiveness, consolidate fiscal discipline and increase public sector accountability.

The Second Competitiveness and Public Financial Management Development Policy Loan (DPL) is the result of close coordination with Panamanian officials and is the second of the program’s two loans specified in the Country Partnership Strategy 2008-2010 that supports specific components of the government’s program.

US$40 Million to Increase Water Supply and Sanitation for Panama

May 2010

The World Bank Group Board of Directors approved today a US$40 million loan for Panama in support of the Metro Water and Sanitation Improvement Project.

The project will increase the quality, coverage and efficiency of the water supply and sanitation services in the lower-income neighborhoods of the Panama metropolitan region.

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