El Salvador: Brazilian Loans for Infrastructure
In the first days of July, President Mauricio Funes will apply for a loan with the National Development Bank of Brazil (BNDES).
Monday, June 15, 2009
The loan will be utilized to finance infrastructure projects.
The government of Brazil has offered a $300 million loan to renew the country’s bus fleet.
The Brazilian Development Bank has loaned $40 million to be used for the expansion of the Cocales-Tecum Uman highway to four lanes.
The IDB has approved a loan to reduce vulnerability to floods and landslides in slums of the San Salvador Metropolitan Area.
There are plans to invest in improving their branches' infrastructure and in modernizing technology platforms throughout 2012.
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