$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

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).

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.

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.

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