El Salvador: $10 million more for infrastructure

The Millennium Challenge Corporation (MCC) will approve the new disbursement for investment during the first quarter of 2009.

Wednesday, December 17, 2008

The MCC could authorize the additional $10 million that will be invested in development projects in the north of the country.

"The disbursement request (from Fomileno) is for around $10 million," said Vincent J. Ruddy, resident country director for MCC. He added that the approval could be ready no later than the first week of January. "It is under review," he added.

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El Salvador: Encouraging Advancement of Fomilenio II

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Although still lacking formal approval for Fomilenio II by the board of the Millennium Challenge Corporation, $ 2.9 million has already been authorized for its offices.

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