The Central American Bank for Economic Integration approved a line of credit for the country to finance the Project for the Expansion of the Drinking Water Supply System in the City of Gracias, department of Lempira.
The project consists of developing the hydraulic infrastructure necessary to increase the quality and quantity of water supplied by the supply system of the city of Gracias, Lempira, which currently has average interruption periods of 168 hours, reported the Central American Bank for Economic Integration (CABEI).
CABEI and the Costa Rican authorities have signed a contract to extend the "Strategic Road Infrastructure Works Program" for a further $91 million, which finances, among other works, the construction of the Northern Beltway.
The Central American Bank for Economic Integration (BCIE) informed that the $91 million addendum, in addition to the $340 million of the Program, will allow the construction of the Northern Beltway Functional Unit V which maintains a cost of $70.5 million, as well as the reinforcement and modernization of the bridge over the Virilla River on National Route 32.
The Central American Bank for Economic Integration approved a credit line for the Salvadoran government to reconstruct, remodel and technologically equip 186 schools nationwide.
The schools that will be remodeled are located in the departments with high Multidimensional Poverty Index, at the preschool, primary, secondary and high school levels, highlights a statement from the Central American Bank for Economic Integration (CABEI).
Through a credit from CABEI, the Salvadoran government will carry out the modernization work of 25 sports scenarios at the national level.
The resources will be destined to the remodeling, construction, rehabilitation and equipment of the sport scenarios, details a statement of the financial organization.
CABEI granted a loan to Guatemala to finance the construction and equipping of buildings to be used by the Ministry of the Interior, National Police stations, prisons and other projects.
The $300 million will support the "Investment and Modernization Program for the Justice Sector", which will be implemented by the Guatemalan Ministry of Government, reported the Central American Bank for Economic Integration (CABEI).
A loan from the Central American Bank for Economic Integration will finance the "National Program for the Construction of Social Interest Housing."
The international organization reported that these resources will be used to finance the "National Program for the Construction of Social Interest Housing."
CIFI and BID Invest authorized a loan for West Report S.A. to develop, build and operate a hotel complex in Bocas del Toro.
The new hotel, which will have 118 rooms, several restaurants, a spa and other meeting places for its guests, will be operated under the brand name Viceroy Hotels and Resorts, reported CIFI.
A CABEI loan will be used to carry out improvements at several educational centers throughout the country and purchase laboratory equipment.
The funds will be used to improve 105 Jr. high schools, basic and pre-basic education centers, equip 294 vocational workshops, 105 computer workshops and 315 natural science laboratories throughout the country.
The Latin American Development Bank approved a loan to finance the "Santo Domingo Oriental Aqueduct Expansion Project", aimed at expanding and optimizing the Santo Domingo Norte and Santo Domingo Este aqueduct systems.
The funds will also be used for the preparation of studies for plans and programs in technical, operational, commercial and business aspects, informed the financial institution.
The Central American Bank for Economic Integration signed two loans that will be used to finance road works and works to improve water and sanitation systems.
The first is a loan of up to Ch$333,874,540 million to finance the "VIII Road Improvement and Expansion Program". And the second one for $251,470,000 million for the "Program for the Improvement of Potable Water and Sanitation Systems in 7 cities," informed the CABEI.
Laurentino Cortizo approved the law that had previously been voted by the Assembly, which contemplates interest rate benefits for home purchases of up to $180,000.
With a loan from CABEI, the implementation of a sanitation project and a flood control project in the city of Limón will be financed.
One of the projects is "Improvement and expansion of the sewerage system of the city of Limón", in charge of AyA, and the other is "Channeling and flood control of the Limoncito River" that will be executed by Senara, informed the international organization.
The IDB approved a $100 million loan for the construction of new health posts and hospitals in sectors with high rural and indigenous populations in Guatemala.
The funds will be used to finance the project, prioritizing actions in vulnerable departments, mainly in Huehuetenango and San Marcos, given the high prevalence of maternal and child health problems in such regions, reported the international agency.
World Bank financing will be used for recovery from earthquakes, volcanic eruptions, floods, hurricanes and other natural disasters.
Resources will be disbursed on a deferred basis in the event of catastrophes, and funds would be activated and disbursed following an official State declaration of public calamity, in accordance with national legislation.