Loan to improve government management in Guatemala

The IDB will provide an $8.5 million loan for a project that seeks to increase efficiency and promote transparency in the Ministry of Finance.

Friday, November 14, 2008

The program will focus on improving the internal process of the Ministry and to seek responsibility for government spending.

The objective of the IDB is to help the ministry become an more modern and effective institution, the bank said in a release.

More on this topic

El Salvador: $6 million for Tourism Projects

May 2016

The adaptations for tourist use at the port of Puerto El Triunfo and construction of an ecotourism park are some of the projects which will be developed with IDB funds.

The Ministry of Tourism in El Salvador has signed an agreement with the Inter - American Development Bank to allocate part of the $25 million loan formalized in 2015 to improving tourism infrastructure in the municipalities of Usulutan, Puerto El Triunfo, Berlin, Alegria, Jiquilisco and San Dionisio.

Bureaucracy threatens loans worth $179 million

April 2012

In Guatemala, legislative barriers are delaying 3 loan approvals for infrastructure, competitiveness and development.

Three loans totaling $179 million are in danger of being lost due to delays in Congress in approving the loans, despite having them on the agenda.

One is for $29 million for a National Programme for Competitiveness (Pronacom), which is on the verge of collapse due to lack of funds, reports El Diario de Centro America.

Costa Rica Applies for $ 132 Million IDB Loan

March 2011

The Government signed a declaration of intent for a loan in order to fund new security programs.

Justice Minister, Hernando Paris, said the funds will be used to strengthen the penitentiary system ($ 74.3 million) and for social programs aimed at young people living in high risk areas.

Guatemala to receive $400 million loan

August 2008

Guatemala will get a loan from the IDB to improve tax collection, the multilateral organization indicated yesterday.

These funds will be used to finance a program that will create a more stable macroeconomic policy and improve the administration and collection of taxes in Guatemala, the IDB explained.

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