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IDB board of governors agrees on US$70bn capital increase (Regional)
2010-03-23

The Inter-American Development Bank's (IDB) board of governors has agreed on a US$70bn capital increase that will allow the multilateral to lend some US$12bn annually over the next few years, Colombian finance minister and chairman of the board of governors Óscar Iván Zuluaga confirmed...

 
New Longitudinal del Norte stretch to be awarded in April (El Salvador)
2010-03-23

Fomilenio, the El Salvadorian chapter of the US Millennium Challenge Corporation (MCC), will award the contract to build a new stretch of El Salvador's Longitudinal del Norte highway in the first week of April, a Fomilenio spokesperson told BNamericas.   The contract involves building stretch...

 
Credit, transportation, infrastructure key to improving region's growth - IDB (Regional)
2010-03-23

Economic growth and income per capita in Latin America and the Caribbean could dramatically improve with increased credit, improved transportation, simpler and better distributed tax regimes and a better tailored social policy to reduce informal labor, IDB officials told reporters at the development...

 
MTC amends CoviPeru concession contract to include new works (Peru)
2010-03-19

Peru's transport and communications ministry (MTC) has signed an addendum to the concession contract of Concesionaria Vial del Perú (CoviPerú), which operates the Red Vial 6 highway, stretching from Pucusana, in Lima province, to Guadalupe, in Ica region.   The addendum will all...

 
Finance ministry approves US$53mn CAF loan (Costa Rica)
2010-03-19

Costa Rica's finance ministry has approved a US$53mn loan from the Andean Development Corporation (CAF) to finance construction of a highway connecting Bajos de Chilamate in northern San Carlos municipality to Vuelta Kooper in eastern province Limón.   The 27km, two-lane highway will r...

 
BNDES disbursements rise 53% in 12 months to end-February (Brazil)
2010-03-19

Brazilian national development bank BNDES made loan disbursements of 143bn reais (US$81.3bn) in the 12 months to end-February, up 53% on the same period a year before, the bank said in a statement.   However, just counting the first two months of 2010, the total was 24.6bn reais, an increase ...

 
Guayaquil to renew bus fleet with purchase of 103 new vehicles (Ecuador)
2010-03-19

Ecuadorian city Guayaquil's mass transport cooperative and the firm Tecnotatsa Ecuador signed a bus contract to upgrade the city's mass transport service, the country's industries and productivity ministry reported in a release.   Under the contract, the cooperative purchased 103 buses from f...

 
Govt, private sector to present reconstruction plan on March 31 (Haiti)
2010-03-18

Haitian government authorities and private sector leaders, supported by IDB, will present a plan to reconstruct and promote development in the country at an international donors meeting to be held in New York on March 31, the Washington, DC-based development bank said in a release.   Public a...

 
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