$60 Million Approved for Public Infrastructure

The Inter-American Development Bank loan will be used to finance wastewater projects in Honduras, sewerage works, construction of sports infrastructure, and other works.

Thursday, October 11, 2018

On October 10th, the Congress of Honduras approved a $60 million loan from the Inter-American Development Bank (IDB), to be paid over 25 years at an annual interest rate of 0.25%.

Latribuna.hn says that "... The loan funds will be used to implement wastewater treatment projects, sewer systems, construction of sports fields for young people to have recreational spaces, and the construction of two police training centers in Tegucigalpa and San Pedro Sula to strengthen the Community Police in developing neighborhoods in Tegucigalpa and San Pedro Sula."

On the other hand, Mauricio Oliva, president of the Legislative Chamber, explained that "... The loan is concessional, because it is a 25-year term and five-year deferment and 0.25% annual interest."

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Costa Rica Keeps Getting into Debt

October 2019

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.

Panamanian Public Debt Grows at 9%

April 2019

Between March of this year and the same month of 2018, the government's debt rose from $23.673 million to $25.893 million, a rise explained by the increase in external debt.

The balance of total public debt increased by $188.6 million (0.7%) with respect to the balance recorded at the end of February 2019, highlighting the disbursement of $52 million corresponding to the tenth tranche of Treasury Note 2023 with a coupon of 3.0%, and $35 million corresponding to the second auction of 12-month Treasury Bills with a weighted average yield of 3%, informed the Ministry of Economy and Finance.

El Salvador: $350 million to Cover Fiscal Deficit

June 2018

El Salvador's Congress approved an IDB loan of $350 million to finance the government budget deficit at a 3.25% rate.

The president of the Legislative Assembly, Norman Quijano, stated that " ..." with the conditions offered by the IDB we will have an interest rate estimated at 3.25%, with the bonds we had an average rate of 7 and 8%, the reduction of interests will mean a saving of tens of millions of dollars for the country.' "

Nicaragua's External Debt Rises 4.8%

October 2014

Between December 2013 and July this year, the total external debt balance increased by $458.8 million.

A quarterly report by the Central Bank of Nicaragua (BCN) shows that the country's foreign debt (including private and public debt) closed at $9,843.9 million this June.

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