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Latin America Investment News on Viva Tropical

Guatemala Slates $160 Million Toward Infrastructure Advancements

Article Summary:

Guatemala is in the first phase of obtaining loans for roads, water, and sanitation infrastructure projects valued at $160 million, with the first checks being issued for road improvements in Quiché and Alta Verapaz, and $50 million for the implementation of the Water and Sanitation for Human Development program.

Photo Credit: Prensa Libre

Original Article Text From Prensa Libre via Google Translate :

Congress Authorizes Loan Management for $ 160 Million

he execution of the financing of U.S. $ 110 million-Q858-million for the implementation of road improvement project in ZONAPAZ, covering Quiché and Alta Verapaz, which will be in charge of the Ministry of Communications, within 25 years, but are acquired charges 0.1 percent per annum on the undisbursed balance of the loan.

Loan for $ 50 million-Q390 million-for the implementation of the Water Supply and Sanitation for Desrrollo Human, $ 40 million will come from the Single Currency Facility of the Ordinary Capital Development Bank (IDB), which sets a deadline 30 years, six years of grace period, an adjustable interest rate and semiannual reports that during the disbursement period resources were not allocated inspection and surveillance.

The remaining $ 10 million will come from the Fund for Special Operations (FSO) which sets a deadline of 40 years with a rate, credit will not pay inspection and monitoring on financing the Fund for Special Operations.

The program will be implemented by the National Fund for Peace (FONAPAZ) and the Municipal Development Institute (Infom), through the Executive Unit of Rural Water Supply Programme (UNEPAR).

The decree, approved on 7 agoso Finally, also provides that Fonapaz be the executive of the International Fund for Agricultural Development, while the Ministry of Agriculture will be responsible for Fund loans of the Organization of Petroleum Exporting Countries (OPEC) Fund for International Development and the International Fund for Agricultural Development (IFAD).

Link to Original Article:

From Prensa Libre

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