Nicaragua Got $162 Million from IDB in 2009

In 2009, the Inter-American Development Bank doubled loans to the country, and expects to maintain them in 2010.

Friday, December 18, 2009

This was announced by Mirma Liévano, IDB spokesperson in Nicaragua.

Liévano explained that "Nicaragua was originally assigned $80 million for 2009, but the bank decided to double it, in light of the international financial crisis. Out of the total, $40.5 million corresponded to easing the fiscal deficit. She also announced that IDB will assign the same $162 million to the country in 2010".

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More on this topic

Nicaragua Receives Loan from IDB

December 2010

The IDB approved a $ 12.5 million loan for the Comprehensive Care Program for Nicaraguan Children (PAININ).

The project aims to contribute to the development of children less than six years old in conditions of extreme poverty in rural Nicaragua and improve their opportunities, including timely entry into the educational system.

IDB Resumes Financing For Honduras

March 2010

The board of directors of the IDB has decided to resume relations with Honduras.

In a few days, the Inter-American Development Bank will send a mission to Honduras, which could announce the portfolio of joint projects for 2010.

"Most multilateral financial institutions such as IDB, the World Bank and the IMF suspended relations with Honduras after the political crisis", reported Laprensagrafica.com.

IDB Finances Program for Poor Children in Nicaragua

December 2009

Loans totaling $15 Million will support startup of program to deliver services to urban children below age six

The Inter-American Development Bank has granted Nicaragua two loans of $7.5 million each to finance a social welfare program for children under six years of age who live in extreme poverty in the nation’s cities.

CABEI To Loan $1 Billion to Central America

December 2009

In 2010, the Central American Bank for Economic Integration (CABEI), will lend $1.038 million for development projects.

$370.8 million are earmarked for Costa Rica, $199.8 million for El Salvador, $173.2 million for Guatemala and $114.9 million for Nicaragua.

As for Honduras, Alfredo Ortuño, CABEI's director, explained that "...disbursements are on hold until the Central American Integration System (SICA) revokes a ruling enacted after the Honduran coup d'état. Nevertheless, the bank has earmarked $123.6 million to finance projects in the country".

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