Bank's board approves loan for Autoridad del Canal de Panamá.

The Inter-American Development Bank today approved a loan of up to $400 million for the Panama Canal expansion, the largest infrastructure project underway in Latin America.

"The IDB has been a steadfast partner for Panama for nearly 50 years," said Bank President Luis Alberto Moreno. "We are proud to assist in this key investment in the future of Panama's greatest national asset, especially when conditions in international financial markets are so uncertain."

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Posted by boyang at October 9, 2008 1:49 AM