Spain Renews Regional Cooperation with Central America

Spain has provided more than €32.5 million ($46.6 million) to Central America from 2006 to 2009 through the Spain-SICA Fund, the donor country’s management and financial instrument for its cooperation program with the region, according to the country’s foreign minister.

Spanish Minister of Foreign Affairs and Cooperation Trinidad Jimenez made the announcement during a review of the Spain-SICA Fund 2006-2009 on April 4 in Madrid. SICA, or the Central American Integration System, is a regional organization established by Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.

Spain launched last year a new financing mechanism for the organization. The SICA Program is expected to provide €20 million to SICA for 2010-2013, according to a government press release.

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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.