NewsWhore
10-02-2009, 02:20 PM
The Presidency's Social Policies Coordination Cabinet will receive US$70 million from the Inter-American Development Bank (IDB) over a period of 18 months. The Social Cabinet programs are managed from Vice President Rafael Alburquerque's office. Hacienda Minister Vicente Bengoa announced the signing of the 25-year loan agreement with the IDB. The program provides health, education and nutrition programs for the poor. The budget is divided into three parts: US$65.4 million for poor families, US$4 million to strengthen institutional information systems and US$450,000 to evaluate the impact of the program. US$100,000 is set aside for managing and auditing the program.
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