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.
The World Bank could provide $45 million required for the first phase of the project in Puerto Quetzal, Guatemala.
The International Finance Corporation, a member of the World Bank Group, is looking at providing a loan of $45 million to finance the first phase of the Quetzal Container Terminal. The director of the bank could approve the loan next month.
The expansion of the Atlantic Road will be funded with a donation of $50 million and other $50 million in loans.
The Taiwanese government will donate $50 million for the expansion of the Atlantic Highway, and has also authorized a soft loan for another $50 million for the project which has a cost of $119 million.
The executive is negotiating a loan for the expansion of the road between Escuintla and Ciudad Pedro de Alvarado, in Jutiapa.
Aljenadro Sinibaldi, Minister of the Presidency, said that in the next few days a bill will be sent to Congress for acquiring these funds, which are part of the second phase of widening the road.
The loan for this project would be implemented by the Ministry of Communications, and was announced along with two other potential loans, one of $237 million to fund the current budget and one of $280 million for hospital investments.
The Japanese Ambassador to Guatemala lamented a stalemate in Congress for approving a $120 million loan for road infrastructure.
"While I respect the procedures that each country has to follow, it doesn’t send out a good message that this loan has been stalled by internal processes," said Teruaki Nagasaki, Japanese Ambassador to Guatemala, as quoted by Elperiodico.com.gt.
The country is negotiating a loan with the World Bank for $ 100 million and another with the BCIE for $ 265 million in order to assist in the emergency.
This was announced by Finance Minister Edgar Balsells during the Donor Conference on Reconstruction.
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