IMF Conditions $35 Million to Nicaragua

A "preliminary agreement" was struck, under which $35 million would be disbursed in October if a series of measures are enacted.

Thursday, September 17, 2009

Some of the measures requested by the International Monetary Fund (IMF) include reforming the 2009 Budget and concluding a proposal for the 2010 Budget.

"Disbursement of the money, warned IMF, will depend on the degree of progress in implementing the agreed measures, which would be evaluated by the Directorate of the Fund by the end of October", reported Nicaraguan newspaper La Prensa.

More on this topic

IDB Announces $ 2.000 Million for CA and Dominican Republic

March 2011

The President of the IDB announced funding to meet priorities in Central America and the Dominican Republic.

"This year we will maintain our response and commitment to the region," said Alberto Moreno. “The $ 2.000 million” he added, “will be used to address infrastructure priorities, particularly roads, energy, social safety nets, with an emphasis on strengthening health services, education, housing, natural disasters and climate change, finance and public safety.

Salvadoran Assembly Approves Credits for $ 105 Million

October 2010

The Government's approval to negotiate two IDB loans is for social and housing programs.

A $ 35 million loan will be allocated for the implementation of the Community Support of Urban Solidarity and a $ 70 million loan to finance the Comprehensive Improvement for Housing and Urban Squatter Settlements Phase II.

Salvadoran Congress To Decide On $531 Million Loans

April 2010

The Treasury Ministry of El Salvador requested the Legislative Assembly to approve six loans for $531 million with international organizations.

From the total, $200 million are with the Inter-American Development Bank (IDB), $161.7 million with the Central American Bank for Economic Integration (CABEI) and $170 million with the World Bank (WB).

Nicaragua under IMF Review

February 2010

Should the country receive a positive grade, IMF would disburse $17.8 million out of the $35.6 million it has earmarked for Nicaragua in 2010.

Antenor Rosales, president of the Central Bank of Nicaragua, told local media that the International Monetary Fund will review the situation of the nation’s economy.

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