Funes and Zoellick shake hands on three World Bank loans for $230 million
The World Bank president, Robert B. Zoellick, and the president of El Salvador, Mauricio Funes, reaffirmed the bank’s support to create job opportunities at a signing ceremony to highlight three loans worth $230 million.
El Salvador’s economy is gradually recovering from the impact of the global financial crisis. Economic activity increased by 1 percent in the first quarter of 2010 and consensus forecasts estimate a 1.2 percent growth for 2010.
This new financing includes $100 million to support the country’s recovery through sound economic and social policies, the World Bank said.
Original source: Finchannel