Salvadoran Assembly Approves Credits for $ 105 Million

The Government's approval to negotiate two IDB loans is for social and housing programs.

Friday, October 29, 2010


A $ 35 million loan will be allocated for the implementation of the Community Support of Urban Solidarity and a $ 70 million loan to finance the Comprehensive Improvement for Housing and Urban Squatter Settlements Phase II.

"The credits, which are part of the country´s strategy from the Inter American Development Bank (IDB) for El Salvador, and which total reached $ 450 million, were praised by all political factions, who identified the need to invest in social improvements," reports.

More on this topic

Salvadoran Congress To Decide On $531 Million Loans

April 2010

The Treasury Ministry of El Salvador requested the Legislative Assembly to approve six loans for $531 million with international organizations.

From the total, $200 million are with the Inter-American Development Bank (IDB), $161.7 million with the Central American Bank for Economic Integration (CABEI) and $170 million with the World Bank (WB).

Guatemala: $ 616 Million Without Approval

January 2011

Congress has pending approval of 10 loans totaling $ 616 million for social projects.

Of the total 10, four are pending opinion, three have passed the first debate and three more are awaiting the second debate. adds, "among those pending opinion is one for $ 46.8 million for a program to combat urban poverty by the Inter-American Development Bank (IDB).

El Salvador Requests IDB $ 300 Million

February 2011

The Government requested the funds in order to finance government programs in seven different areas.

The programs are: Support for export production, Urban Community Solidarity Development, City Woman, North and East Rural Connectivity, Passenger Transport in the Metropolitan Area of San Salvador (AMSS), power sector reform, strengthening of Justice and Security.

Salvadoran Construction Chamber negotiates $50 million

December 2008

Ismael Nolasco, general manager of the Chamber, reported that the group is negotiating financing as a alternative fund for the reactivation of the sector.

The representative added that a draft financing project has been made with the International Investment Corporation of the IDB and with the World Bank.

 close (x)

Receive more news about Government

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Grupo Williams

Comercialization of Urbanization Commercial Mall construction and Comercialization Construction and comercialization of Industrial and logistic buildings. Housing Construction Projects
Operates in Honduras
Phone: (504) 2694241 - (504) 2694240

Company Profile

Stock Indexes

(Oct 21)
Dow Jones
S&P 500


(Oct 21)
Brent Crude Oil
Coffee "C"