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."
The Inter-American Development Bank is financing infrastructure and electric power projects in the country.
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.
The money will be primarily invested in the energy generation sector.
The IDB representative in Managua, Mirna Liévano, confirmed funding for the country in 2011.
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