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 Treasury Ministry of El Salvador requested the Legislative Assembly to approve six loans for $531 million with international organizations.
Congress has pending approval of 10 loans totaling $ 616 million for social projects.
The Government requested the funds in order to finance government programs in seven different areas.
Ismael Nolasco, general manager of the Chamber, reported that the group is negotiating financing as a alternative fund for the reactivation of the sector.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar