$73 million from Germany for rural development in Guatemala
The Government of Germany promised to help with $73 million for development project, doubling the current amount for assistance.
Thursday, November 20, 2008
"As a result of the meeting, the Government of Germany will support the Government of Guatemala with a significant increase in its financial and technical cooperation, for a total of 58 million Euros (some $73 million) for a period of three years," said the report from the Guatemalan Ministry of Foreign Affairs.
The German embassy in Managua and Britain's Department for International Development announced the withdrawal of aid for Nicaragua as of next year.
The funds are earmarked for rural infrastructure and water treatment projects in various municipalities.
Young people studying in municipalities in inland Nicaragua are not connected to what is being produced nor the employment on offer in those areas.
Through the loan, the European Union re-launched their cooperation with the Central American country.
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