El Salvador: $60 million to be Invested in Software and Road Works

Congress has approved a loan to finance the development of an advanced computer platform and for rural road maintenance projects.

Friday, April 20, 2018

The Legislative Assembly of El Salvador reported that loan contracts to carry out government works were approved. According to a statement, " ... a loan authorized to endow the tax strengthening program with resources will be signed by the Executive and the Inter-American Development Bank (IDB) for an amount of $30 million."

The statement details that the Tax Administration Strengthening Program consists of the installation of " ... an advanced computer platform, specialized software, and personnel training on the subject."

The document concludes that " ... for the same amount ($30 million) a financing contract was ratified for rural roads and road improvement at the national level which the Legislative Assembly endorsed in October 2015."

See decrees for the loans for the road works and the computer platform. (In Spanish)

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El Salvador: $170 million for Hospital Works

June 2018

The Congress has ratified a loan with the Inter-American Development Bank to build two hospitals and make improvements to the health system.

The Legislative Assembly reported that " ... After constant approaches to achieve the required consensus, the Legislative Assembly unanimously ratified the loan contract between the Executive and the Inter-American Development Bank (IDB) for $170 million to finance the Integrated Health Program II. With the resources it will be possible, among other things, to carry out construction of a new Rosales Hospital and a General Hospital in the northern zone of San Salvador in Nejapa."

Costa Rica Approves $450 Million for Road Works

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Costa Rica: $200 million for Municipal Roads

July 2011

The Costa Rican Legislative Assembly has approved a $200 million loan for road infrastructure.

The Inter-American Development Bank (IDB) loan, is part of a loan package of $850 million, which will be disbursed in installments.

"These resources, which are exclusively for matters relating to road infrastructure, will be used for a second tranche of cantonal road development in a number of towns and roads that have already been established, the projects will be monitored by a unit of the Ministry of Public Works and Transportation", published Prensalibre.cr.

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Costa Rica approved a line of credit from the IDB for the rehabilitation of roads and improvements to the road infrastructure in cities and national routes.

The loans for $850 million authorized by the Inter-American Development Bank (BID acronym in Spanish) were approved by the Legislative Assembly of Costa Rica for financing of the Transportation Infrastructure Program.

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