USAID Leaves Panama After 50 years
The U.S. Agency for International Development has announced the close of its operations in Panama in September 2012.
Wednesday, June 13, 2012
"In the 50 years of operation in the country, USAID has assisted with over $1.2 billion aimed at agricultural and community development programs, to large construction projects and expansion of public facilities", reports Panamaamerica.com.pa .
The announcement was made by Hugo Llorens, U.S. ambassador in Honduras.
A Wall Street Journal article has pointed out the futility of the Northern Longitudinal Highway and a recession in the Salvadoran economy over the last 10 years.
Hillary Clinton, U.S. State Secretary, announced that her country intends to reactivate economic aid to Honduras.
The resources are earmarked for infrastructure projects and agriculture support projects.
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