CABEI approved the extension of financing to CONAVI for an amount of up to $90 million, to finance the completion of the northern section of the peripheral ring in the Uruca - Calle Blancos section and the rehabilitation of the bridge over the Virilla River, National Route 32.
The construction will be executed by the National Roads Council (CONAVI). The resources approved for the loan extension will have a 15-year term, including a five-year grace period, according to the international organization.
The Latin American Development Bank approved a loan to finance the "Santo Domingo Oriental Aqueduct Expansion Project", aimed at expanding and optimizing the Santo Domingo Norte and Santo Domingo Este aqueduct systems.
The funds will also be used for the preparation of studies for plans and programs in technical, operational, commercial and business aspects, informed the financial institution.
With a loan from CABEI, the Salvadoran government will finance the construction of a viaduct and the extension to six 15-kilometer lanes of the CA01W road, Los Chorros section.
The investment aims to solve the problem of traffic congestion caused during peak hours in this section of the Pan American Highway CA01W, which mobilizes more than 327,000 people and 58,000 vehicles, with a reduction of travel time of approximately 35 minutes, explains a statement from the Central American Bank for Economic Integration (CABEI).
The $286 million credit granted by CABEI to renovate coffee plantations in Guatemala has not yet been approved by local authorities, so resources would only be available in the second half of 2020.
The Central American Bank for Economic Integration approved a loan, which will be used to finance a program to renovate the country's coffee farm.
The financing is destined to the renovation of the coffee park of the country, through the substitution of plants damaged by plagues and diseases or with greater age that allows to revert the losses of productivity by the aging of the plantations and the effects of the rust, estimating the renovation of approximately 19.9% of the coffee park of Guatemala, informed the financial entity.
The Central American Bank for Economic Integration approved a loan to the government of Costa Rica to finance part of the project "Fast Passengers Train of the Great Metropolitan Area."
The investment in infrastructure and equipment of the project represents $1.298 million, which is expected to be executed under the modality of Public Private Partnership, with a state contribution of $550 million, which will be provided by the Central American Bank for Economic Integration (CABEI), according to a statement from the financial institution.
The Central American Bank for Economic Integration signed two loans that will be used to finance road works and works to improve water and sanitation systems.
The first is a loan of up to Ch$333,874,540 million to finance the "VIII Road Improvement and Expansion Program". And the second one for $251,470,000 million for the "Program for the Improvement of Potable Water and Sanitation Systems in 7 cities," informed the CABEI.
Honduras approved a loan agreement with Taiwan's Export-Import Bank, which will be used in part to strengthen health and education infrastructure.
The credit at the international level was approved through Executive Agreement 499-2019, which contemplates in its recitals that it will serve for budgetary support "aimed at addressing priority issues of national interest aimed at economic reactivation."
The Legislative Assembly approved a $35 million loan from the Inter-American Development Bank to "support the country in the implementation of its fiscal reform program.”
At the beginning of July, in the midst of the controversy generated by the recent implementation of fiscal reform in Costa Rica, the approval of a credit to strengthen fiscal sustainability was announced.
The National Congress approved a loan with the CABEI to finance the purchase of technological infrastructure for the survey of facial and fingerprints of citizens.
The loan contract between the Central American Bank for Economic Integration (CABEI) and the Government of Honduras will partially finance the Project to Modernize the Identification Document carried out by the National Registry of Persons (RNP), informed the National Congress.
Costa Rica "will strengthen its fiscal sustainability by controlling expenditure and modernizing the tax system with a $350 million loan approved by the Inter-American Development Bank (IDB)."
During the controversy generated by the implementation of the fiscal reform in Costa Rica, the approval of a $350 million credit was announced to "support the country in the implementation of its fiscal reform program."
With a loan from CABEI, the implementation of a sanitation project and a flood control project in the city of Limón will be financed.
One of the projects is "Improvement and expansion of the sewerage system of the city of Limón", in charge of AyA, and the other is "Channeling and flood control of the Limoncito River" that will be executed by Senara, informed the international organization.
The IDB approved a $100 million loan for the construction of new health posts and hospitals in sectors with high rural and indigenous populations in Guatemala.
The funds will be used to finance the project, prioritizing actions in vulnerable departments, mainly in Huehuetenango and San Marcos, given the high prevalence of maternal and child health problems in such regions, reported the international agency.
World Bank financing will be used for recovery from earthquakes, volcanic eruptions, floods, hurricanes and other natural disasters.
Resources will be disbursed on a deferred basis in the event of catastrophes, and funds would be activated and disbursed following an official State declaration of public calamity, in accordance with national legislation.
The Central American Bank for Economic Integration expanded the Social Fund for Housing's Global Line of Credit by $60 million to $100 million.
From the CABEI statement:
Tegucigalpa, May 24, 2019 - The Central American Bank for Economic Integration (CABEI) granted an extension to the Global Credit Line (LGC) of the Social Fund for Housing for US$ 60 million, the new amount is US$100 million.