CABEI Provides $ 8 Million to Nicaragua

The project by the Central American Bank for Economic Integration will assist in improving living conditions of low-income families located in rural areas.

Friday, March 4, 2011

To improve the living conditions of people in rural areas of Nicaragua, the Central American Bank for Economic Integration (BCIE), approved $ 8 million supporting the Integration of Small Producers to Value Chains and Market Access Program (PROCAVAL).

The project plans to add 8.000 small farmers, including coffee farms, dairies, grains and other businesses, promoting the establishment of 90 companies for collection and packaging of beans and 15 dairy service companies.

The project will increase farm acreage by almost 6.000 hectares and will help in the fight against poverty by creating about 1.700 jobs.

Additionally, there will also be investments in road improvement benefitting approximately 8.400 people. The project will be implemented by the Rural Development Institute (IDR) of the Government of the Republic of Nicaragua with an autonomous management structure and decentralized operation.

More on this topic

El Salvador: $15 million for Roads

September 2011

The country will have its road network improved in the north and east with a loan from the Inter-American Development Bank.

An IDB press release states:

The program will identify priority areas and carry out road works in order to maximize the economic and social benefits to local people.

Guatemala Compared

December 2010

FUNDESA compares international indexes of Central American countries and provides suggestions and actions to promote development in Guatemala.

The Foundation for the Development of Guatemala (FUNDESA) presents, as a balance for 2010, an index comparison with other Central American countries and lists 5 groups considered priority actions when promoting better development conditions for Guatemala, expecting better index evaluations for the future:

The Country which Fell Asleep

December 2010

Costa Rica fell asleep at the wheel, and is now the Latin American country where poverty increased the most between 2008 and 2009.

While in most Latin American countries poverty rates fall, Costa Rica shares with Mexico and Ecuador the dubious privilege of seeing an increase.

Keys to Panamanian Development

May 2009

Despite rapid development in recent years, there remain serious obstacles in order to progress beyond what has been achieved in Panama.

These obstacles are structural defects that have to be corrected, such as the inefficiency of public administration, people with low education, lack of skilled labor, regions far away from the capital lacking basic services and serious problems in transportation and health.

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