The IADB will grant the Salvadoran government a loan for $45 million, which will be used to finance the project called "Strengthening the Climate Resilience of Coffee Forests."
According to the Government, the subscription of the loan with the Inter-American Development Bank (IDB) has the objective of maintaining the ecosystemic services provided by the coffee forest and improving the food security of small producers, informed the Ministry of Finance of El Salvador.
The IDB approved a $9.2 million credit for the government to implement a forest management project that will benefit 225 forestry companies.
The funds will be used in climate change adaptation and mitigation programs, through the Sustainable Forest Management project, reported the government of Guatemala.
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.
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.
The Inter-American Development Bank loan will be used to finance wastewater projects in Honduras, sewerage works, construction of sports infrastructure, and other works.
On October 10th, the Congress of Honduras approved a $60 million loan from the Inter-American Development Bank (IDB), to be paid over 25 years at an annual interest rate of 0.25%.
The Cabinet Council has approved a loan contract for investments in infrastructure and fiscal control equipment at the country's border posts.
According to a decree published on June 5 in the Official Gazette, "... the signing of the Loan Agreement ... between the Republic of Panama and the Inter-American Development Bank (IDB)has been authorized, up to the sum of seventy-five million dollars (US $75,000,000.00)."
The Congress has ratified a loan with the Inter-American Development Bank to build two hospitals and make improvements to the health system.
The Legislative Assembly reported that "... After constant approaches to achieve the required consensus, the Legislative Assembly unanimously ratified the loan contract between the Executive and the Inter-American Development Bank (IDB) for $170 million to finance the Integrated Health Program II. With the resources it will be possible, among other things, to carry out construction of a new Rosales Hospital and a General Hospital in the northern zone of San Salvador in Nejapa."
El Salvador's Congress approved an IDB loan of $350 million to finance the government budget deficit at a 3.25% rate.
The president of the Legislative Assembly, Norman Quijano, stated that " ..." with the conditions offered by the IDB we will have an interest rate estimated at 3.25%, with the bonds we had an average rate of 7 and 8%, the reduction of interests will mean a saving of tens of millions of dollars for the country.' "
The government reported that the Inter-American Development Bank has approved a $20 million loan to finance renewable energy projects managed by small and medium enterprises.
Vice President Rosario Murillo told government media that "... the IDB gave no objection to Banco de la Producción (Banpro) who will give loans to small and medium-sized renewable energy companies," this is reported by Iván Acosta, Minister of Finance, who in turn received the note from Francisco Mayorga who represents us at the IDB."
The loan funds approved by the Guatemalan congress will be used for the acquisition of teaching materials and books, as well as for the construction of infrastructure.
From a statement issued by the Congress of Guatemala:
April 10, 2018Deputies to the Congress of the Republic approved, during the ordinary session held this Tuesday, a loan for USD 155 million with the Inter-American Development Bank, IDB, for the Program for the Improvement of Educational Coverage and Quality.
With a loan from the IDB, plans are underway to carry out road renovation works on the cantonal road network, especially in the areas affected by storm Nate in 2017.
For the 61 projects in the first stage ofPRVC II, the MOPT estimatesholding approximately 12 tenders, each of which will include between four and five projects. As part of a second stage, around 64 projects will be worked on, which correspond to about 41 million dollars and are currently in the analysis phase.
The Costa Rican Congress decided not to approve a $500 million loan that the state run power company wants to take out with the IDB to finance geothermal power generation projects in the country.
The deputies argued that they were not clear about the financial situation of the Instituto Costarricense de Electricidad (ICE), which would receive the loan, for which the State would act as guarantor.The decision to halt the loan approval comes two days after President Solis announced he is facing a liquidity crisis.
The government is complaining that the decision by the Legislative Assembly not to approve the IDB loan for $114 million, will mean that it will not be possible to develop the tourism and road projects that were planned.
From a statement issued by the Presidency of El Salvador:
Country loses $115 millionIDB credit because of ARENA, seriously impacting tourism and connectivity
Congress has approved an IDB loan for the construction of three centers that make up the Ciudad Mujer project in Tegucigalpa.
The loan was agreed in a pact signed in late December by the director of the initiative of Salvadoran origin 'Ciudad Mujer' (Woman City) in Honduras, Rosa Lourdes Paz, and the IDB representative in Honduras, Mirna Liévano.