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Posts Tagged ‘World Bank’

World Bank Approves $100M Emergency Relief Loan for Guatemala

Sunday, December 12th, 2010

In a sign that foreign interest in relief efforts from this spring’s Guatemalan disasters hasn’t disappeared, the World Bank on Friday approved a” US$100 million loan to provide emergency assistance to preserve health and education services in Guatemala following this series of natural disasters, which caused an estimated US$1.55 billion in damages and losses (4.1 percent of the nation’s GDP).” In addition to showing a continuing commitment to assisting Guatemala’s recovery, the new loan is a clear reminder of the continuing need for further aid.

Perhaps this loan can serve to help return Guatemala’s request for Temporary Protected Status (TPS) the Obama Administration’s attention. While the World Bank certainly uses its own criteria and has no official influence on US policy, it is our hope that this latest example of support by a globally respected institution will help guide the administration to the right decision.