Latin bank funds Panama water resources work

The Inter-American Development Bank (IADB) has approved a US$10 million loan to modernize and strengthen Panama’s environmental agency, Autoridad Nacional del Ambiente (ANAM).

To promote efficient use of water resources, the project will support the establishment of an information system with hydrometric stations and a network for monitoring water quality. It also is to promote participatory formulation of management strategies for key watersheds.

The loan is for 20 years with a five-year grace period and a variable interest rate. Local funds for the program are to total US$4 million.

IADB said the project will build on achievements and lessons learned from previous programs to strengthen ANAM. In 2006, IADB recruited consultants to map the hydraulic supply and demand balance of 10 high-priority river basins in Panama. (HNN 8/15/06)

Previous articleUPDATE – Funding complete for Canada’s 196-MW East Toba-Montrose
Next articleOntario group submits environmental process for waterpower projects

No posts to display