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Latin America Investment News on Viva Tropical

IDB Sets Aside $ 1.9 Billion in 2012 for Central America

Article Summary:

The Inter-American Development Bank says it expects to allocate U.S. $1.9 billion in projects targeting key sectors of Central America such as infrastructure, energy, transport and rural development.

Photo Credit: El Economista

Original Article Text From El Economista via Google Translate :

IDB plans to spend $ 1,900 million in 2012 in Central

The Inter-American Development Bank said Friday it expects to allocate this year’s 1,900 million dollars in projects targeting key sectors of Central America and Dominican Republic as infrastructure, energy, transport and rural development.

The investment program was presented at a meeting of representatives of the financial institution with policymakers in the region, held in San Pedro Belizean population, the IDB said in a statement.

“The top priorities (in Latin America and the Caribbean) are related to the correction of social inequalities, combating violence, crime and corruption, improving infrastructure and productivity, “said IDB President Luis Alberto Moreno.

He urged the Central American countries to enhance their integration through the implementation of a regional electricity market, the interconnection of fiber optic implementation of trade facilitation measures and the development of road infrastructure.

In 2011, the IDB approved 26 projects 1,200 million, approved 13 private sector operations by $ 192 million and 18 grants for nearly $ 100 million.

In terms of expenditures, transfers from the IDB to the economies of Central America and the Dominican Republic totaled 1,600 million in in 2011.

Guatemala, El Salvador, Nicaragua, Panama, Costa Rica, Dominican Republic, Belize and Honduras attended the meeting in preparation for the Annual Meeting to be convened at 48 IDB member countries in Montevideo from 16-19 March.

Link to Original Article:

From El Economista

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