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NI-T1234 : Promoting Energy Savings Insurance (ESI) for Small and Medium Enterprise (SMEs) in Nicaragua

Project Status: Closed

The Promoting Energy Savings Insurance project will finance preparatory activities for establishment of an Energy Savings Insurance (ESI) scheme in Nicaragua with the objective of promoting access to finance for small and medium sized enterprises (SMEs) intending to invest in energy efficiency (EE) upgrades and technologies. The Project aims to support these investments by supporting a national development bank in Nicaragua (the Produzcamos Bank) in structuring and deploying an integral strategy that combines financial and non-financial instruments needed to address the different financial and non-financial barriers that prevent private investments in EE projects.

Project Detail

Project Number
NI-T1234
Project Country
Nicaragua
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCING FOR ENVIRONMENTAL SUSTAINABILITY
Project Type
Technical Cooperation
Environmental and social impact category
C
Project Status
Closed
Operation Number
ATN/NV-15877-NI

Financial Information

Project Number
NI-T1234
Project Status
Closed

IDB Financing

Financing type
TCN
Fund
Nordic Development Fund
Reporting currency
USD - United States Dollar
Reporting date
May/31/2022

Roles & Responsibilities

Contract signature date
Nov/15/2016

Project Information

Total Cost
USD 630,000
Country counterpart financing
USD 100,000
Amount
USD 530,000

Approved

Title
Type
Project Number
Date Published