IDB approves $90 million loan for Nicaragua

The funds are to be used for the rural production reactivation program and for poverty alleviation programs for Nicaragua's poorest.

Monday, August 4, 2008

The president of the Inter-American Development Bank (IDB), Luis Alberto Moreno, expressed Sunday in Nicaragua their willingness to continue supporting the government of Daniel Ortega in energy development, rural production and food crisis relief projects.

More on this topic

Nicaragua: $90 million from the IDB for Roadworks

November 2015

It has been announced that the IDB will provide a $90 million loan to finance road infrastructure in the country.

From a statement issued by the Inter-American Development Bank:

Nicaragua will improve connectivity in rural areas with a US $90.7 million loan approved by the IDB.

IDB Freezes Loans to Honduras

July 2009

The IDB has “detained” all credit activity with Honduras until the political situation in the country is resolved.

The IDB currently has a “very active” portfolio of about $200 million for Honduras, reported Luis Alberto Moreno, president of the Inter-American Development Bank (IDB).

Costa Rica: $250 Million for ICE

May 2009

Several hydroelectric plants will be remodeled with funds from an IDB loan, among other projects.

The Costa Rican Electricity Institute (ICE) will immediately receive $250 million as a loan from the Inter-American Development Bank (IDB). These funds are the first half of $500 million requested by the state from the IDB. The other $250 million will be used when necessary.

Guatemala seeks US$600 million in IADB funding

April 2008

Guatemala's government is negotiating two programs for a total of US$600 million with the Inter-American Development Bank (IADB), President Álvaro Colom said.

"We've been working with the IADB ever since we won the election, Colom told reporters after a lunch with IADB president Luis Alberto Moreno at the bank's Washington offices.

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