- Colombia becomes the first country to benefit from extended loan maturities.
- This new education loan will help the poorest students of the country.
World Bank. Last March 2008, Colombia became the first country to benefit from a new World Bank policy that significantly extends loan maturities. The approval of a $300 millions loan to support tertiary education in Colombia for the poorest students is part of the new loan maturity initiative formulated to improve the World Bank Group’s efforts to overcome poverty in middle-income countries and support key issues in the region. It follows a major reduction in loan pricing announced in September as well as measures that have accelerated loan processing times. (more…)
Robert Zoellick, President of the World Bank, is in Colombia and talked about the Colombia – USA Free Trade Agreement, while he said that the Colombian economy is doing well. In a meeting in Casa de Nariño with President Uribe, Zoeillick said that the US Government, democrats and republicans should consider the FTA and approve it.
Recent Comments