IDB grants $20 million to Nicaragua
The IDB approved a $20 million loan for the improvement of the tax collection system and the fight against poverty.
Friday, September 26, 2008
The credit was granted for a term of 40 years with an annual interest rate of 0.25% since the Inter-American Development Banks believes that Nicaragua has met the macroeconomic stability conditions demanded by the organism in order to disburse the funds.
International financial entities will increase the amount of finance available for private businesses and projects in Latin America
The entity is analyzing suspending or extending loans that had been approved to finance part of the government’s budget.
The IDB approved a $ 12.5 million loan for the Comprehensive Care Program for Nicaraguan Children (PAININ).
Loans totaling $15 Million will support startup of program to deliver services to urban children below age six
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