Alberto Conde, CEO of the Panamanian branch, explained their top objectives will be education, football and culture, and that they will invest around $407.000.
He also told newspaper La Estrella that “this year, over 1.000 kids from around the country have benefited from our scholarships”.
Source: laestrella.com.pa
More on this topic
January 2011
The government signed a technical and financial assistance treaty with Germany for $ 64 million.
The funds will go to social projects on environment and governance, housing and support programs for Micro, Small and Medium Enterprises (MSMEs).
"The Honduran Minister of the Presidency, expressed satisfaction for completing successfully the intense negotiation process between both economic technical teams, which led to the signing of a cooperation agreement for $ 64 million," reported website Proceso Digital.
March 2011
The President of the IDB announced funding to meet priorities in Central America and the Dominican Republic.
"This year we will maintain our response and commitment to the region," said Alberto Moreno. “The $ 2.000 million” he added, “will be used to address infrastructure priorities, particularly roads, energy, social safety nets, with an emphasis on strengthening health services, education, housing, natural disasters and climate change, finance and public safety.
December 2010
The funds are part of a total of $ 280 million for social programs.
To support the efforts of Honduras in implementing the Millennium Development Goals, the Central American Bank for Economic Integration (CABEI) disbursed a $ 100 million loan to the country.
The resources of this loan will contribute positively to compliance with six of the eight Millennium Development Goals, and through the different components of the program seeks to eradicate extreme poverty and hunger, support education, reduce mortality child mortality, improve maternal health, ensuring environmental sustainability and promoting gender equality.
September 2009
The funds, provided by the European Union, will be used in social, education and violence prevention programs.
Stefano Gatto, Business delegate from the EU, explained the funds will be disbursed in a 5 year term.
He also said that "on Monday, 2.5 million euros ($3.7 million) will be disbursed as part of the PAPES program (Poverty Relief Program)".
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