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United States : CENTRAL AMERICAN CENTRE set to get 6.3 mln from EUROPEAN UNION

June 14, 2014

The International Monetary Fund s Central American Centre declared that it is set to get 6.3 million from the European Union next month in order to support public finances in the region.

According to IMF, the fund would be the first disbursement of a 7 million EU promised for Central America, Panama and the Dominican Republic (CAPTAC-DR). It will back the IMF s capacity establishment in the region.

IMF mainly targeted on 3 important areas: public finances (tax and customs administration and public financial management); money and banking; and macroeconomic statistics.

In April 2014, the European Commission and the IMF had entered into the agreement. The deal will deliver finance to guarantee technical assistance at the centre for the next 5 years. Edgar BarquÍn, president of the Central Bank of Guatemala and president of the CAPTAC- DR steering committee, commented: On behalf of Guatemala and the other member countries of the centre, I thank the EU for its generous contribution that will allow CAPTAC-DR to continue providing valuable technical assistance and training.

I hope that this collaboration between the EU, the IMF, and the countries of Central America, Panama, and the Dominican Republic will continue to increase in order to strengthen the macroeconomic framework and foster stable and inclusive growth in the region, Edgar BarquÍn added.

Fernando Delgado, CAPTAC-DR s coordinator, stated This contribution is crucial to maintaining the scale of operations of CAPTAC -DR, which has a proven track record in providing expertise and knowledge that will help strengthen institutions and policy implementation in member countries.

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Source: TendersInfo (India)

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