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.
The Land Authority of Panama is evaluating the auction of 3,200 hectares of land in the area of Baru.
A law is being proposed to facilitate management of the rights to a 40-hectare landfill on the seabed adjacent to ATLAPA.
In Guatemala, legislative barriers are delaying 3 loan approvals for infrastructure, competitiveness and development.
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.
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