$23 Million for Colón Infrastructure

The funds will be used to improve infrastructure in 5 municipalities of the Panamanian city.

Monday, April 20, 2009


The Inter-American Development Bank will finance $20 million and the remaining $3 million will be provided by the Government.

According to a note published in prensa.com, the works will be implemented over the next 4 years until 2012, and they will include several infrastructure projects such as “the remodeling of eight small islands in the avenida central park."

More on this topic

A bid to inject new life into Colón, Panama's down-at-heel second city

May 2008

Panama's government hopes to inject new life into the city. Next year a motorway will link Colón with Panama City, the capital, for the first time. A Spanish-backed consortium wants to build a $40 billion energy hub. Other investors plan hotels and shopping centres.

The best hope of jobs for unskilled locals may lie in tourism.

Fedecrédito to Finance Construction of Municipal Markets

July 2011

The Federation of Credit Unions in El Salvador hsa signed a $20 million loan with the IDB for the construction and renovation of municipal markets.

Macario Armando Rosales, president of Fedecrédito said that funds from the Inter-American Development Bank will be directed to the municipalities through long-term loans.

Guatemala: $10 Million for Cleaning Lake Atitlán

October 2009

The Government of Guatemala will invest $10 million in water treatment plants in order to save lake Atitlán.

Rafael Espada, Guatemalan Vice President, reported they will reactivate a $10 million trust fund, which was granted 10 years ago by the Inter-American Development Bank, but was not used in the previous administrations.

Costa Rica: $167 million for School Infrastructure

January 2014

With funds from the IDB managed in a trust by Banco Nacional, the Ministry of Education will build new schools.  

Banco Nacional (BN) will be responsible for managing a trust worth $167.5 million to be used for the construction of 79 schools and 24 recreational areas. The loan was granted by the Inter-American Development Bank (IDB).

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