IDB issues $1.5 billion grant for development projects in region
ANTIGUA, Guatemala – Inter-American Development Bank (IDB) President Luis Alberto Moreno on Thursday announced in Guatemala the agency has authorized a $1.6 billion grant for aid projects in Central America and the Dominican Republic for 2013.
During a meeting of IDB representatives in the region – ahead of a March IDB General Assembly in Panama – Moreno said the bank also had approved an additional $1.7 billion loan package for the region.
The loan program will focus on financing projects for social development, transport, infrastructure, rural credit, risk management and climate change adaptation, he said.
IDB representatives from the region are meeting in Antigua to discuss the challenges the region faces to achieve its aspirations for economic growth and poverty reduction.
In 2012 IDB approved loans totaling $2.1 million for Central America and the Dominican Republic, Moreno said.
You may be interested
Our Southern Zone Deep Dive is underway!Katherine Stanley - March 26, 2019
Our editorial team is making its first trip of the year – what we hope will be the first of many –…
Safe travels in Costa Rica: aiming for the sweet spotKatherine Stanley - March 26, 2019
Traveling in Costa Rica is one of life’s great privileges, and The Tico Times has been proud to inspire, guide…
2019 Gold Cup field finalized; Costa Rica will host two matchesAlejandro Zúñiga - March 26, 2019
The field for the 2019 CONCACAF Gold Cup is set. Costa Rica, the United States, Mexico, Honduras, Panama, and Trinidad…