$120 Million Loan for Educational Infrastructure

With financing from CABEI, the Guatemalan state university will finance several construction works, expansion and remodeling of its facilities.

Wednesday, April 3, 2019

The resources will be allocated for the development of pre-investment, construction, expansion and remodeling of university centers, colleges, among other units benefiting from the program, as well as the provision of machinery, furniture and equipment with state-of-the-art technology, explained the Central American Bank for Economic Integration (CABEI) in a statement.

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From the CABEI statement:

Guatemala City, April 1, 2019.- The Congress of the Republic of Guatemala approved a loan for US$120 million, which was granted by the Central American Bank for Economic Integration (CABEI), to finance the "Third Stage of the Investment Program in Infrastructure, Machinery and Equipment" to be executed by the University of San Carlos de Guatemala.

The resources will be destined for the development of pre-investment, construction, expansion and remodeling of University Centers, Colleges, among other beneficiary units of the program, as well as the provision of machinery, furniture and equipment with state-of-the-art technology.

Read full statement (In Spanish).



More on this topic

El Salvador: $200 Million for Educational Infrastructure

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The Central American Bank for Economic Integration approved a credit line for the Salvadoran government to reconstruct, remodel and technologically equip 186 schools nationwide.

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Security: $300 Million for Public Infrastructure

May 2020

CABEI granted a loan to Guatemala to finance the construction and equipping of buildings to be used by the Ministry of the Interior, National Police stations, prisons and other projects.

The $300 million will support the "Investment and Modernization Program for the Justice Sector", which will be implemented by the Guatemalan Ministry of Government, reported the Central American Bank for Economic Integration (CABEI).

Honduras: $80 Million for Educational Infrastructure

January 2020

A CABEI loan will be used to carry out improvements at several educational centers throughout the country and purchase laboratory equipment.

The funds will be used to improve 105 Jr. high schools, basic and pre-basic education centers, equip 294 vocational workshops, 105 computer workshops and 315 natural science laboratories throughout the country.

Nicaragua: $585 Million for Public Infrastructure

October 2019

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.

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Universidad de San Carlos de Guatemala

The Universidad de San Carlos de Guatemala (USAC, University of San Carlos of Guatemala) was one of the earliest universities to be founded in the Americas. It was decreed a university on January 31, 1676 by royal command of King Charles II of Spain. It had previously been known as the Escuela de Santo Tomás (School of Saint Thomas), founded in 1562 by the priest Francisco Marroquín. The University finally gained international acceptance by Official Decree from Pope Innocent XI, on June 18, 1687.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (502) 6631 8316

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