El Salvador Receives an Additional $250 million

These World Bank funds will be used in social spending, education, health care, job generation, public structure and in the public sector.

Thursday, July 16, 2009

The multilateral organism made a commitment to grant El Salvador an additional $250 million for the June 2009 - June 2010 fiscal period. $50 million will be for anti crisis programs, and $100 million for supporting the state's budget. $80 million will be assigned for social protection income programs and $20 million for strengthening the public and tax sector.

"[President] Funes indicated that work will begin on a proposal to be submitted as soon as possible to the Legislative Assembly, for the approval of the loan", published Laprensagrafica.com.

More on this topic

$150 Million for Panama

July 2009

The World Bank funds were granted for the current fiscal year, from July 30 to June 2010.

"Panama is an important partner. We reiterate our support to its government's agenda and our commitment to analyze cooperation opportunities in the future" said Pamela Cox, World Bank Vice President for Latin America and the Caribbean, who met with Panamanian president Ricardo Martinelli and his Economy and Finance Minister, Alberto Vallarino.

World Bank lends $200 million to Guatemala

October 2008

The World Bank approved a $200 million Development Policy Loan for Guatemala.

The Bank's press release states that the main objectives of this loan are:

-To attend to fiscal and financial needs during a year of economic slowdown.

-To improve economic growth outlooks, increase fiscal spaces address public expense priorities, and contribute to improving the country’s governance and poverty reduction.

World Bank to provide rural development credit in Honduras

June 2008

The World Bank has announced two loans to Honduras for a total of 78.6 million dollars.

The funds will be used for a project to improve competitiveness in rural arias and for a highway improvement program.
A World Bank news release says the 30-million-dollar loan for rural areas will support the creation and consolidation of productive alliances.

World Bank plans US$100 million loan for Honduras

June 2008

The World Bank is going to lend Honduras US$100 million in the second half of this year, the bank's managing director, Juan José Daboud, announced.

The loan is to support the government's development plans and in particular its efforts to resolve the food crisis, said Daboud, who was on a two-day visit to Honduras that included talks with President Manuel Zelaya and other senior officials.

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