$57 Million for Social Programs in El Salvador

The funds, provided by the European Union, will be used in social, education and violence prevention programs.

Thursday, September 24, 2009

Stefano Gatto, Business delegate from the EU, explained the funds will be disbursed in a 5 year term.

He also said that "on Monday, 2.5 million euros ($3.7 million) will be disbursed as part of the PAPES program (Poverty Relief Program)".

More on this topic

El Salvador: $73 million for Infrastructure and Social Programs

November 2011

The European Union has announced contributions for social and electoral programs, as well as infrastructure improvements.

The nonrefundable collaborative agreements signed are for projects for rural roads, community development, poverty reduction, and assistance to those affected by the recent rains among others schemes.

$ 64 Million From Germany to Honduras

January 2011

The government signed a technical and financial assistance treaty with Germany for $ 64 million.

The funds will go to social projects on environment and governance, housing and support programs for Micro, Small and Medium Enterprises (MSMEs).

"The Honduran Minister of the Presidency, expressed satisfaction for completing successfully the intense negotiation process between both economic technical teams, which led to the signing of a cooperation agreement for $ 64 million," reported website Proceso Digital.

BCIE Disburses $ 100 Million to Honduras

December 2010

The funds are part of a total of $ 280 million for social programs.

To support the efforts of Honduras in implementing the Millennium Development Goals, the Central American Bank for Economic Integration (CABEI) disbursed a $ 100 million loan to the country.

The resources of this loan will contribute positively to compliance with six of the eight Millennium Development Goals, and through the different components of the program seeks to eradicate extreme poverty and hunger, support education, reduce mortality child mortality, improve maternal health, ensuring environmental sustainability and promoting gender equality.

El Salvador Negotiates $250 Million with WB

October 2009

Representatives from the World Bank are evaluating the projects for which the government is seeking loans.

Alexander Segovia, technical secretary of the President, reported that the Bank could approve the loans in November, adding they are intended for social programs.

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