The funds are earmarked to improve the penal justice system and consolidate property registry in the Protected Areas.
Thursday, December 15, 2011
A press release from the Ministry of Finance reads:
Two important agreements on financial cooperation in support of the Justice and Environmental sectors for a total of $52 million were signed today between the Inter-American Development Bank (IDB) and the State of Guatemala, through the Ministry of Finance. Part of the funds will be used to increase efficiency and allow access to the Criminal Justice System in the country, while a second part aims to consolidate the physical cadastre of the National Protected Areas System.
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The first part, "Supporting the Criminal Justice Sector" provides an amount of U.S. $30 million to reduce barriers to access to justice, particularly in marginalized populations in the country. These funds are earmarked for three specific components: 1) Improvement of physical access to justice, 2) Management and monitoring of the Criminal Justice Sector Information and 3) Strengthening of criminal and scientific investigations.
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The second loan agreement with the IDB, "Program for Establishing Cadastral and Consolidation of Legal Certainty in Protected Areas", provides an amount of U.S. $22 million to be used to establish a register of physically protected areas in the country and in this way have a record of the geographic areas that are managed nationally by the Guatemalan System of Protected Areas (SIGAP). The executive of the proceeds of this loan will be the Land Registry Office (RIC).
For 50% of the properties that make up the country there are no exact measurements and boundaries are not validated by the national cadastre system.
Out of 478 districts in the country, only 32 have catastral plans and 35 are still being published, ie around 800,000 properties do not have validation of their boundaries. Among the missing cadastral areas are urban areas and land sea areas.
Loans totaling $10 million will reduce vulnerability of rural communities and facilitate the adaptation of agricultural producers to climate change
The Inter-American Development Bank (IDB) approved two loans totaling $10 million to reduce the vulnerability of rural communities in Nicaragua affected by climate change through a program to manage and conserve natural resources and protect watersheds.
The Inter-American Development Bank has earmarked the funds for energy, transportation and environment.
Daniel Zelikow, executive vice president of the bank, explained that one of the goals is to extend power availability to 60%-80% of the country’s rural areas.
Laprensa.com.ni published further comments by Zelikow: “And this is not only a matter of infrastructure, it also means tackling poverty, as it improves the standard of living and provides job opportunities for individuals”.
BID will finance a loan of $22 million for the implementation of a physical land registry system to cover protected areas in Guatemala.
Guatemala will strengthen its national network of protected areas by improving its land registry system through a loan of $22 million USD from the Inter-American Bank of Development (BID).
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