El Salvador Receives an Additional $250 million
These World Bank funds will be used in social spending, education, health care, job generation, public structure and in the public sector.
Thursday, July 16, 2009
The multilateral organism made a commitment to grant El Salvador an additional $250 million for the June 2009 - June 2010 fiscal period. $50 million will be for anti crisis programs, and $100 million for supporting the state's budget. $80 million will be assigned for social protection income programs and $20 million for strengthening the public and tax sector.
The World Bank funds were granted for the current fiscal year, from July 30 to June 2010.
The World Bank approved a $200 million Development Policy Loan for Guatemala.
The World Bank is going to lend Honduras US$100 million in the second half of this year, the bank's managing director, Juan José Daboud, announced.
The World Bank has announced two loans to Honduras for a total of 78.6 million dollars.
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