Panama: $100 Million for Infrastructure

The Inter-American Development Bank approved a loan to finance the construction of infrastructure to reduce flooding and make urban improvements in the Juan Díaz River basin.

Thursday, December 20, 2018

The Panama Mayor's Office informed that the resources will be used in three components. A first component of Flood Mitigation Infrastructure; a second component to improve the quality of public spaces; and a third component that will support the sustainability of the investments foreseen in components one and two, and the capacities of the Municipality of Panama to carry out the integral management of the basin during this program.

From the statement of the Panama Mayor's Office:

The Mayor's Office of Panama follows up the Governance of the City with the Resilient Urban Basin Program - Juan Diaz River, through which consolidates its initiatives to contribute to the sustainable improvement of socio-environmental and urban conditions of the population of the Juan Diaz River Basin through actions for flood prevention and mitigation.

In addition to prevention and mitigation actions, the program's objectives include improving quality and access to public space, as well as emphasizing capacity building for water and territorial management in the basin area.

Read full statement.

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Panama: $75 million for Customs Modernization

May 2018

With a loan from the IDB, part of the investments in infrastructure and fiscal control equipment will be financed at the country's customs posts.

From a statement issued by the Ministry of Economy and Finance:

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Panama: $20 million for Rural Electricity

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With a loan from the Inter-American Development Bank and through means of public-private investments electricity network coverage will be expanded in rural areas.

From a statement issued by the Inter-American Development Bank (IDB):

"The Inter-American Development Bank (IDB) announced the approval of a loan of U.S.

El Salvador: $50 million for Disaster Prevention

November 2011

The IDB has approved a loan to reduce vulnerability to floods and landslides in slums of the San Salvador Metropolitan Area.

A press release by Inter-American Development Bank (IDB) reads:

The program will also invest in basic services and social programs in neighborhoods in San Salvador

$850 Million For Roads and Highways

June 2009

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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