World Bank lends $200 million to Guatemala

The World Bank approved a $200 million Development Policy Loan for Guatemala.

Wednesday, October 22, 2008


©image:

The Bank's press release states that the main objectives of this loan are:

-To attend to fiscal and financial needs during a year of economic slowdown.

-To improve economic growth outlooks, increase fiscal spaces address public expense priorities, and contribute to improving the country’s governance and poverty reduction.

-To improve the efficiency and transparency of the public sector administration.

Laura Fringenti, The World Bank’s Director for Central America, said “This loan will support a series of key actions for fiscal and institutional reforms included in the Guatemalan Government Agenda that seek to increase economic growth benefits, especially towards the most vulnerable population, as well as strengthening measures to improve governance and transparency of public expenses.”

More on this topic

El Salvador Receives an Additional $250 million

July 2009

These World Bank funds will be used in social spending, education, health care, job generation, public structure and in the public sector.

The multilateral organism made a commitment to grant El Salvador an additional $250 million for the June 2009 - June 2010 fiscal period.

$150 Million for Panama

July 2009

The World Bank funds were granted for the current fiscal year, from July 30 to June 2010.

"Panama is an important partner. We reiterate our support to its government's agenda and our commitment to analyze cooperation opportunities in the future" said Pamela Cox, World Bank Vice President for Latin America and the Caribbean, who met with Panamanian president Ricardo Martinelli and his Economy and Finance Minister, Alberto Vallarino.

World Bank lends $200 million to Guatemala

October 2008

The World Bank approved a $200 million Development Policy Loan for Guatemala.

The Bank's press release states that the main objectives of this loan are:

-To attend to fiscal and financial needs during a year of economic slowdown.

-To improve economic growth outlooks, increase fiscal spaces address public expense priorities, and contribute to improving the country’s governance and poverty reduction.

World Bank approves loan for Guatemala for up to $1.5 billion

September 2008

The World Banks approved the new Strategic Alliance, which includes loans for up to $1 billion and the possibility of getting another $0.5 billion from the International Finance Corporation.

"This Strategic Alliance supports the efforts of Guatemala to fight poverty and inequality by increasing specific social spending and public investment and reforms that seek to expand fiscal space and improve governance and transparency," said Laura Frigenti, World Bank director for Central America.

 close (x)

Receive more news about Governmental Assistance

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


Costa Rica Coffee Farm and Development Property

Sustainable 70 Acre Coffee Farm, San Ramon, Costa Rica Coffee Estate, development property with 20 titled lots, ready to develop with roads, water, power. Great Location, close to everything
Ideal area for living or developing an ecologically...

Stock Indexes

(Apr 27)
Dow Jones
0.04%
S&P 500
0.00%
Nasdaq
0.30%

Commodities

(Apr 27)
Brent Crude Oil
51.4
Coffee "C"
129.75
Gold
1,263
Silver
17.300