World Bank grants recovery loan to Guatemala

World Bank grants recovery loan to Guatemala

International Financial Institutions World Bank Debt Loans Guatemala Central America

The World Bank said it approved a $250 million loan for the Guatemalan government to fund programs in healthcare and social services in the wake of the COVID-19 Pandemic. The 17-year loan with a five-year grace period is the second of two in a development policy financing (DPF), the World Bank said in a press release on Thursday. The first loan was approved for $500 million by the multilateral lender in December 2020 and later by the Guatemalan government in May this year, it added. "This progra

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