Panama won't increase its IDB debt
A spokesman for the International Development Bank (IDB), Marcelo Antinori, says Panama is unlikely to accept a 500-million-dollar line of credit.
Wednesday, June 11, 2008
The IDB is offering this line of credit to Latin American countries to mitigate the social and economic effects of the food crisis.
The Inter-American Development Bank on Tuesday announced a $500 million line of credit for Central America in hopes of heading off food-price unrest.
The World Bank is offering a 500 million dollar loan package to the El Salvadorean government and to the opposition, with low interest rates and an extended repayment period.
World Bank vice president for Latin America, Pamela Cox, and the Honduran Minister of Finance , Rebeca Santos, signed two credit agreements for a total of $58.6 million.
The IDB has “detained” all credit activity with Honduras until the political situation in the country is resolved.
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