IDB Increases Support to Central America

During a meeting of Governors, IDB President Luis Alberto Moreno announced that the entity will increase its support to countries in the region.

Friday, March 6, 2009

Proceso Digital published on its website: "’At this juncture, we have to lend more and that is our obligation and why we are here,' said the head of the IDB in his opening speech.
Moreno said the IDB is ready to meet this 'obligation' to raise capital to the region but he did not specify the amount.
'It is clear that we must deal with the urgencies of the decision right now and that it imposes extraordinary measures,’ he insisted."

More on this topic

Guatemala: BID Bank Loans Could be Suspended

July 2011

The entity is analyzing suspending or extending loans that had been approved to finance part of the government’s budget.

Over $400 million designated for health affairs, competitiveness, small and medium enterprises, among other sectors, may not be disbursed unless congress speeds up their approval.

Honduras: $27 Million for Agriculture Projects

January 2010

The Inter-American Development Bank (IDB) will loan $27 million to a program fostering rural business.

The funds are earmarked for the departments of Olancho, El Paraíso, Colón and Gracias a Dios, and intended to fund projects by small producers. It is part of the National Program for Sustainable Rural Development (Pronaders).

El Salvador: $500 Million more from IDB

June 2009

The funds will be available beginning in 2010 and they will be used to fund some projects of Mauricio Funes’ new government.

The president of the Inter-American Development Bank (IDB), Luis Alberto Moreno, announced the new line of credit granted to El Salvador during a visit to the country. This loan is in addition to the $450 million loan granted in 2009 by the same body.

$400 million for widening of Panama Canal

October 2008

The Inter-American Development Bank approved a loan today for the widening of the Panama Canal, the biggest infrastructure project underway in Latin America.

"The IDB has been a strong ally of Panama for almost 50 years," said the president of the bank, Luis Alberto Moreno, in a release.

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