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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

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Mar 7 3:00 PM EST

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To: Russ Howard who wrote (15780)	10/18/1998 1:59:00 AM
From: firstman	Read Replies (1) of 43774

interesting developments with Belize on the international front- "Last week the Hon. Ralph Fonseca led a Belizean delegation to the 53rd Annual General Meeting of the IMF/World Bank Group of 182 member countries..... The World Bank spoke of "a new development partnership" and revealed that they had now "learned that there is a need for balance", referring to their conservative policies and basic human needs. President Clinton called for attention to growth economics, and President Menem articulated the Argentina success story..... Meetings were also held with the World Bank and the Inter-American Development Bank where project prioritization, funding and management were agreed on..... In all some $90 million for project in loans and grants are being programmed to come on stream over the next year. Arrangements were also carefully negotiated for Belize to qualify at a minimum cost to be a member of Interamerican Investment Corporation, the private sector arm of the Bank. This will allow businesses in Belize access to new hard currency credit, guarantees, and specialized professional services..... Minister Fonseca and the delegation also met and held discussions with investors interested in housing, tourism, banking, capital markets and the offshore industry. The delegation returned to Belize over the weekend." belizetimes.com now that's some solid backing! (for Belize).

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