IDB to Lend $ 170 Million to Nicaragua in 2011

The loans will finance the national budget and development projects.

Friday, November 26, 2010

In an interview on Channel 12, the representative of Indo-American Development Bank in Managua, Mirna Lievano, said "We expect the final figure around to be around 170 million dollars for Nicaragua in 2011, for projects in the electricity sector, transportation, comprehensive care to children and budget support."

She added that Nicaragua has complied with all requirements.

More on this topic

$ 171 Million IDB Loan for Nicaragua

March 2011

The IDB representative in Managua, Mirna Liévano, confirmed funding for the country in 2011.

Funds will support initiatives in electricity, transportation, housing and social projects.

On the political situation, the IDB representative added: "... the economic situation in Nicaragua is quite stable, for example, monetary and exchange policies are very predictable,” according to a publication by Prensalibre.com.

Nicaragua: $ 171 Million in Loans from IDB

December 2010

The financial institution confirmed the release of the funds for 2011 to support projects in the power sector, transportation sector and budget support, among others.

This was announced by the representative of the organization in the country, Mirna Liévano, adding: "Nicaragua has already met all the requirements of transparency for accessing new loans from the IDB."

IDB to Lend Nicaragua $170 Million in 2010

February 2010

The money will be primarily invested in the energy generation sector.

Mirna Liévano de Márquez, IDB representative in Nicaragua, explained the funds surpass those of 2009 ($162 million), and 2008 ($80.2 million).

Liévano added that “we are pleased to contribute in the energy sector, as we consider it a problem in Nicaragua”, reported Elnuevodiario.com.ni.

IDB Finances Projects for $200 Million in Nicaragua

September 2009

The Inter-American Development Bank is financing infrastructure and electric power projects in the country.

Mirna Lievano, IDB spokesperson in the country, highlighted the construction of highway Acoyapa - San Carlos and the upkeep of rural roads across the country.

From local newspaper Elnuevodiario.com: "Regarding renewable energy generation, she expressed that IDB has designed a medium term strategy, which focuses initially on energy transmission, and then on renewing hydroelectric power plants, such as 'Santa Bárbara' and 'Centroamérica'".

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