World Bank to offer new credits to El Salvador

The World Bank will present a new offer of credit instruments to El Salvador following the cancellation of about 100 million dollars of loan debentures that failed to get approval in the Legislative Assembly.

Friday, June 6, 2008


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The World Bank's managing director, Juan José Daboub of El Salvador, announced that the offer will be made to the government and other politicians and officials next Sunday.
He said the new offer, whose amount was not revealed, includes "a deferred payment option." As well there is a hint about a line of credit and a fund against catastrophes that has been specially developed for Caribbean countries and that would be placed "at the disposition of the nations of Central America."

More on this topic

World Bank Lends $80 Million to El Salvador

June 2010

The money will be invested in a project intended to strengthen the country’s management system.

The idea is to strengthen administrative, financial and technical processes at local government level.

“It will also contribute to improve the government’s capacity to provide basic services, in the medium and long term”, reported Terra.com.

Costa Rica-World Bank: New Partnership Includes US$258 Million

September 2008

The World Bank Board of Directors endorsed the new Country Partnership Strategy for Costa Rica, which envisages a lending program of up to US$258 million between August 2008 and December 2010.

The new partnership is based on a streamlined lending program for priority areas such as secondary education, prevention of catastrophic risks, telecommunications reform, and the comprehensive development of infrastructure in the country.
Additionally, the partnership includes an expanded program of analytic and advisory activities carefully tailored to country demands and that would respond in real time to emerging demands.

Costa Rica-World Bank: New Partnership Includes US$258 Million

September 2008

The World Bank Board of Directors endorsed today the new Country Partnership Strategy (CPS) for Costa Rica, which envisages a lending program of up to US$258 million between August 2008 and December 2010.

The new partnership is based on a streamlined lending program for priority areas such as secondary education, prevention of catastrophic risks, telecommunications reform, and the comprehensive development of infrastructure in the country.

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.

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