El Salvador Requests IDB $ 300 Million

The Government requested the funds in order to finance government programs in seven different areas.

Wednesday, February 9, 2011

The programs are: Support for export production, Urban Community Solidarity Development, City Woman, North and East Rural Connectivity, Passenger Transport in the Metropolitan Area of San Salvador (AMSS), power sector reform, strengthening of Justice and Security.

The announcement was made by Gina Montiel, manager of the Inter-American Development Bank for Central America.

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Guatemala: $ 616 Million Without Approval

January 2011

Congress has pending approval of 10 loans totaling $ 616 million for social projects.

Of the total 10, four are pending opinion, three have passed the first debate and three more are awaiting the second debate.

Sigloxxi.com adds, "among those pending opinion is one for $ 46.8 million for a program to combat urban poverty by the Inter-American Development Bank (IDB).

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.

Salvadoran Congress To Decide On $531 Million Loans

April 2010

The Treasury Ministry of El Salvador requested the Legislative Assembly to approve six loans for $531 million with international organizations.

From the total, $200 million are with the Inter-American Development Bank (IDB), $161.7 million with the Central American Bank for Economic Integration (CABEI) and $170 million with the World Bank (WB).

El Salvador: “Communal Infrastructure” Project Begins

April 2010

Yesterday Fomilenio received the first bids for the project, which has assigned $11 million.

These proposals will be analyzed for the first phase of the project in which 10 contracts will be awarded for small-scale works. During 2010, Fomilenio will award 60 more.

José Ángel Quirós, head of Fomilenio, commented that its entity will finance 100% of the construction of each sub project, and each community will contribute 20% of its maintenance, either with payments in kind (materials or workforce) or in cash.

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