World Bank: 500 million dollars available for El Salvador

The World Bank is offering a 500 million dollar loan package to the El Salvadorean government and to the opposition, with low interest rates and an extended repayment period.

Thursday, June 12, 2008

It said that now is the time to restructure debt and that this will be necessary for the next government, no matter which party forms it.
Juan José Daboub, general director of the World Bank, says he recommends debt restructuring to the nation and to the region, to the government and to the opposition, with the goal of dealing with the world food crisis and reducing financial burdens.

More on this topic

El Salvador Receives an Additional $250 million

July 2009

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

The multilateral organism made a commitment to grant El Salvador an additional $250 million for the June 2009 - June 2010 fiscal period.

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.

Panama won't increase its IDB debt

June 2008

A spokesman for the International Development Bank (IDB), Marcelo Antinori, says Panama is unlikely to accept a 500-million-dollar line of credit.

The IDB is offering this line of credit to Latin American countries to mitigate the social and economic effects of the food crisis.

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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