Cancelation reasons of land administration project in El Salvador

The factor leading to the cancellation of the Project was the government's failure to gain consensus and obtain the second and final Congressional approval by a qualified (two thirds) majority required for approval of external borrowing and for project effectiveness.

Thursday, November 8, 2007

A lesson learned for the Bank is that in countries such as El Salvador where loans have to be ratified by a qualified majority of Congress, and the Congress is deeply divided, the Bank needs to recognize that loans may not be approved, despite every effort to meet with opposition leaders, explain the purposes of the projects, answer questions, provide information on previous operations, as well as information on the macroeconomic, fiscal and debt situation.

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Distribution and Sale of Banana Plantations

June 2012

The Land Authority of Panama is evaluating the auction of 3,200 hectares of land in the area of Baru.

"The 5.600 hectares that belonged to the Multiple Services Cooperative of Puerto Armuelles, R. L. (Coosemupar) will be divided between 2.400 former employees of the cooperative, while the possibility of auctioning or selling the remaining 3,200 hectares is assessed", reported

Marine Landfill for Real Estate Development

November 2013

A law is being proposed to facilitate management of the rights to a 40-hectare landfill on the seabed adjacent to ATLAPA.

The project was presented to Congress by the Minister of Public Works, Jaime Ford. The plan is to add an article to the law which would regulate the system of execution of public works.

Bureaucracy threatens loans worth $179 million

April 2012

In Guatemala, legislative barriers are delaying 3 loan approvals for infrastructure, competitiveness and development.

Three loans totaling $179 million are in danger of being lost due to delays in Congress in approving the loans, despite having them on the agenda.

One is for $29 million for a National Programme for Competitiveness (Pronacom), which is on the verge of collapse due to lack of funds, reports El Diario de Centro America.

El Salvador: $64 Million for Water Treatment

February 2015

The Central American Bank for Economic Integration has approved a loan for technical and physical renovation of the Water Treatment Plant in Las Pavas, in the department of Cuscatlan.

From a statement issued by the Central American Bank for Economic Integration (BCIE):

The Central American Bank for Economic Integration (BCIE) has approved a loan the to Republic of El Salvador in the amount of $64.4 million to finance the renovation project on Works for the Collection, Purification and Treatment of the Electromechanical Water Plant Las Pavas, the most important source of drinking water El Salvador.

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