20081123-004225-IFC-Board-approves-300-million-to-help-expand-the-Panama-Canal
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news IFC Board approves $300 million to help expand the Panama Canal; Paraguay English News Blog
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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

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20081123-004225-IFC-Board-approves-300-million-to-help-expand-the-Panama-Canal panama canal 'IFC Board approves $300 million to help expand the Panama Canal'