IDB Finances Projects for $200 Million in Nicaragua
The Inter-American Development Bank is financing infrastructure and electric power projects in the country.
Wednesday, September 23, 2009
Mirna Lievano, IDB spokesperson in the country, highlighted the construction of highway Acoyapa - San Carlos and the upkeep of rural roads across the country.
The Inter-American Development Bank has approved a new Country Strategy, which has a financial framework of between $700 and $1.060 million for the period 2011-2014.
The improvement in competitiveness and support of the private sector are some of the positive elements being noticed by the entity.
The Inter-American Development Bank (IDB) will loan $27 million to a program fostering rural business.
During a meeting of Governors, IDB President Luis Alberto Moreno announced that the entity will increase its support to countries in the region.
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