Salvadoran Government Negotiating $1.500 Million
The government is negotiating new credit lines with international institutions, for financing its budget up to 2014.
Friday, August 14, 2009
Credit lines are being negotiated with the World Bank, the Inter-american Development Bank, the Central American Economic Integration Bank and the Brazilian National Development Bank (BNDS).
After the political agreement, the country hopes to restore international loans and cooperation estimated at $739 million.
The Treasury Ministry of El Salvador requested the Legislative Assembly to approve six loans for $531 million with international organizations.
The IDB, the Andean Development Corporation (CAF) and the Latin American Reserve Fund announced that they will make $9.3 billion available to governments in the region to deal with the financial crisis.
The IDB, CABEI, and the World Bank top the list of the seven financial institutions that together have pledged a total of $3.189 billion in loans for the development of public works.
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