Nicaragua: $ 171 Million in Loans from IDB
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.
Monday, December 13, 2010
This was announced by the representative of the organization in the country, Mirna Liévano, adding: "Nicaragua has already met all the requirements of transparency for accessing new loans from the IDB."
Daniel Ortega admitted that the European Union has frozen $43 million as well as the impact that the cancellation of the Millennium Challenge Account by the US will have.
They suspended $2.57 million in budget support and warned that they are expecting "free and transparent election" on Sunday.
The loans will finance the national budget and development projects.
The IDB representative in Managua, Mirna Liévano, confirmed funding for the country in 2011.
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