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IDB loan to assist Panamanian students

IDB loan will assist Panamanian children

Inter-American Development Bank News Release
June 7, 2012 – News Release

IDB loan for US$70 million to benefit more than 38,000 Panamanian students

The Inter-American Development Bank approved a loan for $70 million to provide innovative educational infrastructure to 47 communities in Panama that will benefit more than 38,000 students. The goal is to expand educational opportunities and encourage students in marginal and indigenous areas to complete basic education.

More than a third of Panamanians between the ages of 13 and 17 do not attend school. Coverage levels are especially low for the groups targeted by the program. For example, in the Ngäbe-Buglé and Guna Yala indigenous administrative regions, only 43 percent of youths attend secondary school.

The IDB financing will be used to expand and equip 20 primary schools to include grades seven to nine and construct two model schools that will have innovative facilities and will employ a new pedagogical and educational management approach. These investments are expected to result in the matriculation of 10,000 new students from preschool through secondary school.

In addition, the program will providing 47 schools with classrooms designed to facilitate learning. The basic curriculum will be updated to prepare students for the challenges of the 21st century, and training and support will be extended to staff and faculty in school management, pedagogy, and curriculum content.

Only 62 percent of Panamanian schools have drinking water in Panama, compared with 77 percent for the Latin America and the Caribbean as a whole. Half have adequate sanitation, compared with 65 percent for the region

Studies indicate that the quality of a school’s physical environment directly affects both the motivation and behavior of teachers as well as learning, discipline, and attention levels of the students.

Schools benefiting from the program are located poor areas with high dropout rates in the provinces of Panamá, Coclé, Colón, Chiriquí, Los Santos, and the indigenous administrative areas of Ngäbe-Buglé and Guna Yala.

The financing was extended for a 25-year term with a grace period of four years and a variable interest rate based on LIBOR. Counterpart funding totals $10 million.

New release thanks to IDB website: http://www.iadb.org/en/news/news-releases/2012-06-07/panama-will-improve-school-infrastructure,10017.html

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Vote for Irving Saladino, Gold Medal Winner in Beijing Olympics Athletics Mens Long Jump

Vote for Irving Saladino, Gold Medal Winner in Beijing Olympics Athletics Mens Long Jump

Using the link below, you can VOTE for Panamanian Irving Saladino as 2008 World Athlete of the Year. Everyone can vote. The vote for the 2008 World Athletes of the Year will close at midnight on Sunday, November 9, 2008.

LINK: Athlete of the Year. http://iaaf.org/athletes/athleteoftheyear/index.html

It was a great moment for Panama as the country watched Saladino win the Gold Medal in August. When he returned a National Holiday was declared and people crowded the streets in the pouring rain to welcome him home. Irving Saladino won the Gold Medal in long jump the 18 of August, 2008 in the Olympic Games, Beijing, China, being the first sportsman to ever win the Gold Medal for Panama. He won with a jump of 8.34m.

Watch the Jump: http://www.youtube.com/watch?v=IuqxJY6hOyM&feature=related

Watch the Medal Presentation: http://www.youtube.com/watch?v=-yrChm9bvXk&feature=related

Saladino’s Biography: http://en.wikipedia.org/wiki/Irving_Saladino

Le invitamos a accesar la siguiente pagina Web para Votar por nuestro panameño Irving Saladino como Atleta Mundial del Año 2008. La votación cierra medianoche el domingo 9 de noviembre de 2008. El 18 de agosto de 2008 en los Juegos Olimpicos de Pekin 2008, China, con un salto de 8,34m Irving Saladino logró la medalla de oro en salto de longitud, siendo el primer deportista panameño en conseguir subir a lo más alto del podio.

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