World Bank: 500 million dollars available for El Salvador
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.
Thursday, June 12, 2008
It said that now is the time to restructure debt and that this will be necessary for the next government, no matter which party forms it.
A spokesman for the International Development Bank (IDB), Marcelo Antinori, says Panama is unlikely to accept a 500-million-dollar line of credit.
The World Bank is going to lend Honduras US$100 million in the second half of this year, the bank's managing director, Juan José Daboud, announced.
The World Bank has announced two loans to Honduras for a total of 78.6 million dollars.
These World Bank funds will be used in social spending, education, health care, job generation, public structure and in the public sector.
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