World Bank loan

[NewsWhore]

The government is taking out a US$40-million loan at government-owned Banco de Reservas to pay the debt remnant with electric generating companies since 2005. The World Bank is demanding the payment before they can disburse the first installment of US$50 million of a US$150 million loan. According to a report in Diario Libre, Segura said that when the World Bank delivers that amount, possibly in November this year, the US$40 million loan from Banco de Reservas would be paid off.

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