El Salvador: $265 Million in Development Programs

Spain has committed an aid package worth $265 million to El Salvador for the next four years.

Thursday, October 14, 2010

Government officials from both countries signed a framework document which comprises three strategic areas: poverty reduction, reforms to the state's administration and policy making.

"As for the $265 million, said disbursements would be done as projects are approved and made through ministerial budgets", reported Laprensagrafica.com.

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Honduras: A Different Kind of Government

May 2014

President Juan Orlando Hernández has completed his first 100 days in office with an executive style that is vastly different.

The article Elheraldo.hn reports that several sectors have felt, "an unprecedented economic and social change" since Juan Orlando Hernández took office as president.

BCIE Disburses $ 100 Million to Honduras

December 2010

The funds are part of a total of $ 280 million for social programs.

To support the efforts of Honduras in implementing the Millennium Development Goals, the Central American Bank for Economic Integration (CABEI) disbursed a $ 100 million loan to the country.

The resources of this loan will contribute positively to compliance with six of the eight Millennium Development Goals, and through the different components of the program seeks to eradicate extreme poverty and hunger, support education, reduce mortality child mortality, improve maternal health, ensuring environmental sustainability and promoting gender equality.

Salvadoran Assembly Approves Credits for $ 105 Million

October 2010

The Government's approval to negotiate two IDB loans is for social and housing programs.

A $ 35 million loan will be allocated for the implementation of the Community Support of Urban Solidarity and a $ 70 million loan to finance the Comprehensive Improvement for Housing and Urban Squatter Settlements Phase II.

$57 Million for Social Programs in El Salvador

September 2009

The funds, provided by the European Union, will be used in social, education and violence prevention programs.

Stefano Gatto, Business delegate from the EU, explained the funds will be disbursed in a 5 year term.

He also said that "on Monday, 2.5 million euros ($3.7 million) will be disbursed as part of the PAPES program (Poverty Relief Program)".

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