Panama to Receive $ 1.000 Million from IDB

The IDB will make available $ 1.000 million over the next four years to develop infrastructure and energy projects.

Thursday, March 3, 2011

Among projects to be developed is the improvement of the bay area in Panama City, programs to strengthen the energy sector, investments in sanitation and drinking water and programs which strengthen fiscal management.

Prensa.com reports, "Panama will receive an IDB loan for emergency contingencies against natural disasters. The operation has as a main purpose for Panama to have the ability to access immediate funds in order to cover emergency expenses derived from severe natural disasters or catastrophes."

More on this topic

IDB Announces $ 2.000 Million for CA and Dominican Republic

March 2011

The President of the IDB announced funding to meet priorities in Central America and the Dominican Republic.

"This year we will maintain our response and commitment to the region," said Alberto Moreno. “The $ 2.000 million” he added, “will be used to address infrastructure priorities, particularly roads, energy, social safety nets, with an emphasis on strengthening health services, education, housing, natural disasters and climate change, finance and public safety.

Costa Rica Could Lose $850 million in Loans

May 2009

IDB loans in that amount for road infrastructure have not been implemented and are at risk.

During a visit to Costa Rica, IDB president Luis Alberto Moreno urged the country's legislature to approve the use of funds for roads, ports and airports, indicating that excessive delays could put the loan at risk due to the high demand of resources by other countries.

IDB approves $90 million loan for Nicaragua

August 2008

The funds are to be used for the rural production reactivation program and for poverty alleviation programs for Nicaragua's poorest.

The president of the Inter-American Development Bank (IDB), Luis Alberto Moreno, expressed Sunday in Nicaragua their willingness to continue supporting the government of Daniel Ortega in energy development, rural production and food crisis relief projects.

El Salvador: $50 million for Disaster Prevention

November 2011

The IDB has approved a loan to reduce vulnerability to floods and landslides in slums of the San Salvador Metropolitan Area.

A press release by Inter-American Development Bank (IDB) reads:

The program will also invest in basic services and social programs in neighborhoods in San Salvador

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