Guatemalan Congress approves loan for $950 million
Congress approved five loans totaling $950 million to finance this year's budget.
Wednesday, February 4, 2009
MIPUNTO.com reports on its website: "...while three other loans for $58 million are still pending, said a lawmaker.
The Congress approved two loans for $28.5 million which will be added to the $950 million that were approved last Tuesday to finance the national budget.
The entity is analyzing suspending or extending loans that had been approved to finance part of the government’s budget.
The IDB approved a $ 12.5 million loan for the Comprehensive Care Program for Nicaraguan Children (PAININ).
If Congress does not approve loans which enable funding of the state budget, the crisis could be severe.
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