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 sub-head of the governing fraction, Nery Samayoa, explained that the funds will be granted by the Inter-American Development Bank and the World Bank."

More on this topic

Guatemalan Congress approves new loans

February 2009

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.

PRENSALIBRE.com reports, "The decision to approve another loan for $30 million (Q237 million) - in aid for the criminal justice system -, was postponed at the request of the "Eferregistas" lawmakers who asked for more time to analyze it, as they claimed that "not even the Supreme Court knew all the details."

Guatemala: BID Bank Loans Could be Suspended

July 2011

The entity is analyzing suspending or extending loans that had been approved to finance part of the government’s budget.

Over $400 million designated for health affairs, competitiveness, small and medium enterprises, among other sectors, may not be disbursed unless congress speeds up their approval.

Nicaragua Receives Loan from IDB

December 2010

The IDB approved a $ 12.5 million loan for the Comprehensive Care Program for Nicaraguan Children (PAININ).

The project aims to contribute to the development of children less than six years old in conditions of extreme poverty in rural Nicaragua and improve their opportunities, including timely entry into the educational system.

Guatemala: Risk of Financial Crisis From Legislative Block

April 2013

If Congress does not approve loans which enable funding of the state budget, the crisis could be severe.

Roberto Villate, head of the Lider back bench group, said that as a block, they do not support the loan approval because from the beginning they did not agree to an underfunded budget and one without any programatic basis.

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