Latin American Countries in Talks With World Bank Over Pipeline Funding

Bolivia, Paraguay and Uruguay are seeking a World Bank loan to finance the construction of a shared natural gas pipeline project,

reports. "The World Bank is committed to helping the three countries finance the project," said Roberto Kreimerman, Uruguay's deputy minister for industries, energy and mining. "This is a solid project, not something that is in the air."

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.