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).

"95% of all funds, at least those coming from World Bank and IDM, will be spent on social programs and projects supporting vulnerable communities", said the technical secretary of the presidency in a an article in newspaper La Prensa Gráfica.

More on this topic

Honduras: $1.254 billion available in loans

March 2012

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.

The amount still available in the Honduran loan portfolio for external funding is $1.254 billion. The total amount of loans approved is $3.189 billion.

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).

Honduras Hopes for Reactivation of Credit

November 2009

After the political agreement, the country hopes to restore international loans and cooperation estimated at $739 million.

The financial blockage was imposed by the United States, the European Union and Venezuela, together with financial institutions such as IMF, WB, IDB and CABEI, after the political events of June 28th.

Multi-billion dollar emergency help for Latin America to deal with crisis

October 2008

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 amount could double starting next year and is in response to the need for joint international action to deal with the crisis, the IDB, the Andean Development Corporation (CAF) and the Latin American Reserve Fund announced.

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