Guatemalan Congress approves new loans

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.

Thursday, February 5, 2009

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."

More on this topic

Guatemalan Congress approves loan for $950 million

February 2009

Congress approved five loans totaling $950 million to finance this year's budget.

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."

El Salvador to Negotiate $150 Million Loan

July 2010

The Executive authorized the country to negotiate a loan with the International Bank for Reconstruction and Development.

$100 million will be used to support the 2010 national budget.

“The other $50 million will be destined to a presidential program to support the country’s urban population, improve labor services and the government’s institutional capability for the Social protection system”.

Nicaragua will improve tax collection and improve social spending with IDB assistance

December 2009

A $40.5 million loan will prevent deterioration of fiscal situation due to the global recession.

The Inter-American Development Bank approved a $40.5 million loan to that will provide budget support for Nicaragua and help finance measures that will increase revenue collection and efficiency and transparency of budget execution.

Guatemala: 2014 Budget for $8.8 billion  

September 2013

The Ministry of Finance has submitted the National General Budget for fiscal year 2014, which considers a 2.3% fiscal deficit.  

According to Pavel Centeno, the Guatemalan Minister of Finance, the plan was developed in accordance with lower growth prospects, with a fiscal deficit of about 2.3%.

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