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index-November-2008-1.html English News Blog for  Paraguay English News Blog November Archive 

IFC Board approves $300 million to help expand the Panama Canal

11/23/08 00:42

The Panama Canal, which serves 5% of the world's maritime trade, is one of the world's most important waterways. As time passes by, the need to expand and enlarge the capacity of the Canal is more necessary than ever.

The project will need around $5 billion dollars. In line with this, the IFC Board, a member of the World Bank Group, announced that it will lend the Panama Canal Authority $300 million to help with the construction.

News: PR-CANADA.net - IFC Board Approves $300 Million Financing to Support Panama Canal Expansion

Paraguay backed by IDB's TFFP

Inter - American Development Bank (IDB) announced it first transaction in Paraguay with Interbanco S.A. with its Trade Finance Facilititation Program (TFFP) which will guarantee accounts of Interbanco a support amounting to almost $5.1 million. The large sum of money will be used in five single important transaction of agroindutrial machineries and products from Brazil to Paraguay. More details about the transaction on the link below.

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Protest by the People of Paraguay: Issues Needed to be Resolved

A country is nothing without its people, usually this is what various government neglects and forget about. Corruption has been slowly eating the society and the government with the common people being the victim and the ones whose suffering. Thus, protests are started to shake and inform the government that they are doing wrong with the management of a country's funds through the common people's taxes. This is what recently happened to Paraguay which you can read here:

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