Nicaragua: $55 million for Work on Customs Offices

Approved resources from an international loan will be allocated to infrastructure improvements at the customs offices of Peñas Blancas, San Pancho and Guasaule.

Thursday, August 27, 2015

One of the purposes of the improvements to be undertaken at the customs offices is to reduce the time it takes to process control of goods in transit, something that Nicaraguan businessmen and the region have complained about repeatedly.

A statement from the National Assembly explains that "... they money will be invested in: improving these crossings, reducing paperwork and making them more efficient, with the aim of reducing the transit time of goods in Nicaragua and to become more competitive commercially in the Central American region, strengthening the creation of the single window; as well as training staff working at these border crossings. "

The loan from the Inter-American Development Bank was signed on July 13 by the Ministry of Finance and Public Credit.

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The $100 million loan contract to modernize the posts of Las Tablillas, Peñas Blancas, Paso Canoas and Sixaola has been withdrawn from the legislative agenda in order to re-consult with indigenous peoples.

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An announcement has been made that an agreement will be signed between the two governments to build ten border crossings using funding from the Inter-American Development Bank.

From a press release issued by the Government of Guatemala:

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