A press release from the Inter-American Development Bank (IDB) reads:
The Inter-American Development Bank (IDB) will help to expand and improve access to clean and affordable water to poor communities in El Salvador with a loan of U.S. $2 million to ProCredit Bank SA for a program of credit and technical assistance for community water projects.
ProCredit Bank will use the resources and another $2 million of their own to provide loans to small local operators to improve, repair and expand water supply systems. The project will also provide training to operators in order to strengthen their business, finance and property management and to mitigate the environmental impacts of their operations. The project is expected to help about 14,000 low-income families to improve or gain access to affordable water services.
‘The impact of this development project could be tremendous. Communities with drinking water and sanitation systems are healthier, with fewer diarrhea related diseases and lower mortality rates,’ said Carmen Alvarez-Basso, head of the project team Opportunities for the Majority at the IDB. ‘These communities spend less on water and women and girls no longer spend hours fetching water from distant sources and are more likely to stay in school.’"
Source: Inter-American Development Bank
More on this topic
September 2010
Investments will target cities in central and western provinces, along with low-income suburban communities near Panama City.
Panama will expand coverage and improve the quality of water supply services and sewer systems in cities near its capital and in its central and western provinces with a $40 million loan approved by the Inter-American Development Bank.
February 2010
The credit line by the Inter-American Development Bank will be used for rural infrastructure and aqueducts.
$70 million have been earmarked for widening the highway Divisa – Las Tablas, rural roads and upkeep.
“$40 million will be used to strengthen the National Aqueduct and Sewers Institute, expand drinkable water coverage and improving sewers”, reported Prensa.com.
January 2009
During the first working session after two months of conflict, the Assembly approved six contracts for loans totaling $108.
Elnuevodiario.com.ni reports: "The approve credit includes $20 million granted by the IDB in September for fiscal management improvement and to help the Sandinista Government to increase tax collection.
March 2011
The IDB will make available $ 1.000 million over the next four years to develop infrastructure and energy projects.
Among projects to be developed is the improvement of the bay area in Panama City, programs to strengthen the energy sector, investments in sanitation and drinking water and programs which strengthen fiscal management.
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