CABEI approved a line of credit for the Salvadoran government to finance health care programs focused on mitigating the covid-19 outbreak and plans to reactivate the local economy.
Supporting macroeconomic stability, assisted by the Fiscal Responsibility Law, and strengthening the capacity to respond to the pandemic, through the programs that the government has implemented in response to the emergency, are two of the objectives that the loan approval is intended to fulfill.
The Central American Bank for Economic Integration approved a line of credit for the country to reinforce its fiscal sustainability and strengthen its macroeconomic stability, in the context of the economic crisis that arose from the outbreak of covid-19.
In this way, Costa Rica becomes the first nation to receive the maximum amount of $250 million per year available for each country under the Development Policy Operations Program (DPO), reported the international organization.
The Central American Bank for Economic Integration approved a line of credit for the country to finance works to expand coverage, energy efficiency and resilience to climate change.
The funds will be used to finance part of the Development Policy Operations Program (OPD) to support the country in implementing the General Law on the Electricity Industry (LGIE).
IDB Invest granted an $8 million loan to American Industrial Park, owner of an industrial park in El Salvador, to invest in expansion works and the installation of a photovoltaic park for self-powered electricity generation.
The financing, with an 11-year term, will enable American Industrial Park (AIP) to maintain its competitiveness over the medium term by expanding its 17,000 square meter industrial roof.
The World Bank granted a $45 million loan that will be used by the government to finance the Urban Water Service Strengthening Project.
The project will support the establishment and operation of urban service providers by financing goods and works to rehabilitate and improve urban drinking water supply systems, the World Bank reported.
The U.S. International Development Finance Corporation offered a $250 million quota for companies in the country to invest in health sector projects.
Directors of the International Development Finance Corporation (DFC) were the ones who reported last May 11 the existence of these financial resources. The exclusivity of these $250 million for companies in the health sector is due to the current health emergency situation, which derives from the outbreak of covid-19.
The Executive presented before the Legislative Assembly the draft law of the loan contract with the Central American Bank for Economic Integration, which will be used for the construction of the Passenger Electric Train of the Great Metropolitan Area.
The IMF approved a loan in favor of the Panamanian government, whose funds will be used to finance health expenses and support the vulnerable population affected by the covid.19
The International Monetary Fund (IMF) approved Panama's request for emergency financial assistance under the Rapid Financing Facility (RFF) of approximately $515 million to meet urgent balance of payments needs arising from the outbreak of the covid-19 pandemic, the international body reported.
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."
CABEI granted a loan that will be assigned to the country's state banks, resources that will be used to support the productive sectors in the context of the national emergency.
With the aim of strengthening the liquidity of state banks in the face of the national emergency caused by the covid-19 pandemic, the Central American Bank for Economic Integration (CABEI) authorized the disbursement of US$50 million for the Banco Nacional de Costa Rica and US$40 million for the Banco de Costa Rica, reported the international organization.
The Costa Rican Assembly approved in second debate a credit with the Latin American Development Bank, which will be used to assist people who lose their jobs, as well as employers and independent workers.
The funds from the $500 million loan from the Andean Development Cooperation, which was originally planned to be used for debt repayment, will be used to finance the Costa Rican government's response to the national emergency caused by the Covid-19 virus, the Legislative Assembly reported.
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.
For El Salvador's business sector, the constitutional crisis triggered by President Nayib Bukele's actions on February 9 was unnecessary and dangerous because of the "abusive use of force with a provocative message."
In order to pressure the deputies to approve a $109 million loan, which will serve to finance Phase III of the Territorial Control Plan, the president of the country decided to take over the facilities of the Legislative Assembly through the army.
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 IDB loan funds will be part of the investment in equipment to operate the broadband network through a public-private cofinancing model.
The program to be implemented aims to cover and use connectivity, reduce transaction costs for citizens, businesses and public agencies through the development of digital government and encourage the development of the digital economy in the country, informed the Inter-American Development Bank (IDB).