BBVA Panama To Invest in Social Projects

The bank announced it will invest 1% of its net earnings of 2009 in social responsibility projects.

Tuesday, March 16, 2010

Alberto Conde, CEO of the Panamanian branch, explained their top objectives will be education, football and culture, and that they will invest around $407.000.

He also told newspaper La Estrella that “this year, over 1.000 kids from around the country have benefited from our scholarships”.



More on this topic

IDB Announces $ 2.000 Million for CA and Dominican Republic

March 2011

The President of the IDB announced funding to meet priorities in Central America and the Dominican Republic.

"This year we will maintain our response and commitment to the region," said Alberto Moreno. “The $ 2.000 million” he added, “will be used to address infrastructure priorities, particularly roads, energy, social safety nets, with an emphasis on strengthening health services, education, housing, natural disasters and climate change, finance and public safety.

$ 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.

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.

$57 Million for Social Programs in El Salvador

September 2009

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

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)".

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