IDB approves $350 million for Guatemala

The funds from the IDB are to be used in the fight against malnutrition and to improve the health and education of the poorest of children in the country.

Monday, May 19, 2008

A $200 million loan will finance a conditional monetary transfer program called My Family is Progressing, which will fight the problems of chronic malnutrition and school absenteeism.
Despite the fact that Guatemala is a country with average income, almost half of its population is under 15 years of age and from this group 60% is poor and 40% extremely poor," said the head of the IDB team, Graciana Rucci. “The inter-generational transmission of poverty is a topic of great concern, especially in rural areas with indigenous populations. Nutritional, health and education indicators for this group all show that they are amongst the country's lowest.

More on this topic

Economic and Financial Illiteracy

January 2011

In Guatemala an Economic Culture Survey found that nearly 6 in 10 people do not know what interest rate is.

"39% of the population of Guatemala recognizes not to know what interest rate are and almost 20% has a misconception; the bottom line is that nearly 6 out of 10 Guatemalans do not know what interest rate means."

To Imitate: Education in Finland

April 2010

“In 2006, Finnish students scored the highest average in science and reading among developed countries”.

Finland must be visited by anyone in the education industry, to understand why this country is so successful in all educational levels.

In the past years, Finnish students have systematically placed their country in the first levels of the Science and Reading rankings tests, conducted globally by the Organization for Economic Co-operation and Development (OECD). Finland also tops the Programme for International Student Assessment (PISA).

$25 million for educational program in Guatemala

December 2008

The United States announced the donation of the funds for an educational program for the 2009-2011 period, which will benefit thousand of families.

The American Embassy explained in a short release that the so called "International Feeding Program for Child Education and Nutrition" will be executed during the next three years by the private Share Guatemala Foundation.

New source of financial and monetary information

November 2008

Managed by CABI and financed by the Soros Foundation, the Mirador Monetario will contribute to transparency in the Financial System of Guatemala.

Managed by Central American Business Intelligence, the mission of the Mirador Monetario is "to be the leading source of information and education regarding financial monetary matters and to expand to the rest of countries in CA."

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