Country: Nicaragua
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IDB approves debt relief for Nicaragua

The Board of Executive Directors of the Inter-American Development Bank has approved financing of interim debt relief for Nicaragua, bringing to four the number of countries the Bank is assisting under the framework of the Enhanced HIPC Initiative.

IDB approves $240 million financing plan for Central American electric interconnection system

The Inter-American Development Bank announced the approval of a $240 million financing plan to support the Central American Electric Interconnection System (SIEPAC), a keystone project for regional energy integration under the Puebla-Panama Plan.

MIF finances regional project for risk assessment for microfinance institutions

The Multilateral Investment Fund has approved a $1.47 million grant to support the growth of the microfinance industry in Latin America and the Caribbean through improving the quality of information on financial risk and business performance.

IDB approves financing for Nicaragua pension reform

The Inter-American Development Bank announced the approval of a fast-disbursing, $30 million sector loan to Nicaragua to support a fundamental reform of the country’s pension system that will make it sustainable and ensure benefits to contributors.

IDB approves $15 million to strengthen municipalities in Nicaragua

The Inter-American Development Bank approved a $15 million soft loan to Nicaragua to strengthen the capacity of municipalities to deal with rapid urbanization and increasing demands for services and infrastructure.

IDB approves $32.7 million soft loan to NIcaragua to support sustainable development of priority watersheds

The Inter-American Development Bank announced the approval of a $32.7 million soft loan to Nicaragua to help finance a program to promote sustainable use and development of renewable natural resources in priority watersheds and to lessen the impact of natural disasters.

FONTAGRO receives $12 million from Venezuela

The Regional Fund for Agricultural Technology, a consortium created in 1998 with support from the Inter-American Development Bank to promote regional agricultural research in Latin America and the Caribbean, announced that it received a $12 million contribution from Venezuela that completes that country’s financial commitments to the fund, known as FONTAGRO.

IDB approves $25 million for comprehensive child care in Nicaragua

The Inter-American Development Bank announced the approval of a $25 million soft loan to Nicaragua to broaden and improve comprehensive care to children under six years of age from low-income families.

MIF approves $3.7 million for El Salvador, Nicaragua and Chile

The Multilateral Investment Fund announced the approval of three grants totaling $3.7 million to support projects in El Salvador, Nicaragua, and Chile.

IDB approves $6,790,000 to support technological innovation in Nicaragua

The Inter-American Development Bank announced the approval of a $6,790,000 soft loan to Nicaragua to introduce and develop new and more effective mechanisms to finance technological innovation that will make small and medium-sized businesses more competitive, providing them with greater opportunities for growth and exports.

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