Nicaragua May Lose Another $190 Million

Nicaragua would lose these resources if the American program Millenium Challenge Account (CRM) decides on March 11th to withdraw from the country.

Tuesday, February 24, 2009

In its website, Mi Punto publishes: "According to the newspaper La Prensa, CRM had anticipated expanding their contribution with $240 million more to build highways, of which $110 million would be contributed by the agency and $130 million by the Central American Bank of Economic Integration (BCIE), which [funds] are also suspended.”

More on this topic

Nicaragua: $90 million from the IDB for Roadworks

November 2015

It has been announced that the IDB will provide a $90 million loan to finance road infrastructure in the country.

From a statement issued by the Inter-American Development Bank:

Nicaragua will improve connectivity in rural areas with a US $90.7 million loan approved by the IDB.

CABEI Holds Disbursements until Honduras Pays $5 Million

February 2010

CABEI is holding $130 million in disbursements until the country pays a pending balance of $5 million.

These $130 million from the Central American Bank for Economic Integration are earmarked to build a highway in the north of the country, a project managed by the Millennium Challenge Account.

El Salvador: $10 million more for infrastructure

December 2008

The Millennium Challenge Corporation (MCC) will approve the new disbursement for investment during the first quarter of 2009.

The MCC could authorize the additional $10 million that will be invested in development projects in the north of the country.

"The disbursement request (from Fomileno) is for around $10 million," said Vincent J.

The EU also freezes funds to Nicaragua

December 2008

The EU has joined the the stance adopted by the US regarding the Millennium Account, and announced that it will not turn over some $37 million to Nicaragua.

This is due to the criticism of the recent electoral process and complains about "the offenses" committed by President Daniel Ortega against contributors.

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