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INSIDECOSTARICA.COM
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CENTRAL AMERICA
NEWS
| Sunday 24 October 2010 |
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Guatemala
Receives
Japanese
Loan
GUATEMALA
-
Guatemala
received
a $120
million
loan
from
Japan to
build
roads,
the
Guatemalan
president's
office
announced.
The loan
was made
official
at a
meeting
between
Guatemalan
President
Alvaro
Colom
and
Japanese
Prime
Minister
Naoto
Kan on
Friday,
during
the last
day of
Colom's
visit to
Tokyo.
A press
release
posted
on the
Guatemalan
government's
website
noted
the
benefit
of the
new
roads,
as
people
will
have
better
access
to
health
services,
education
and
commerce.
The loan
will be
paid in
25
years,
including
a
seven-year
grace
period,
at an
annual
interest
rate of
1.4
percent.
At the
signing
ceremony,
Kan
expressed
interest
in
helping
Guatemala
rebuild
infrastructure
damaged
by
natural
disasters,
according
to the
press
release.
The
Japanese
government
was
invited
to
invest
in clean
power
generation
projects
in this
Central
American
country
and to
work
with
Guatemalan
authorities
to
mitigate
the
consequences
of
climate
change.
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