Spain will finance $11 million for Nicaragua

Spain will support a non-reimbursable financing package for $11 million, to re-furbish the States electric generation plants.

Thursday, October 9, 2008

The information pointed out that the non-reimbursable financing was obtained on Monday October 6 at a meeting in Spain between Bayardo Arce, Economic adviser to the Government of Nicaragua and the Spanish Secretary of Commerce; they discussed releasing the financial assistance being given by the European country to the Central American nation for development.
On the other hand, it was announced that sometime in this month a business mission from the Dominican Republic will visit the country to negotiate investments in palm plantations planned for the Caribbean Coast of Nicaragua.

More on this topic

Nordic Fund Donates $15 Million to Honduras

March 2010

The donation will be used for developing projects specified by President Porfirio Lobo.

NDF, the Nordic Development Fund, was created in 1989, and its member countries are Denmark, Finland, Iceland, Norway and Sweden.

In Honduras, the NDF has funded 7 projects for over $40 million.

Further Delays for Energy Investments at La Unión

January 2010

The construction of two power plants at the Port of La Unión, El Salvador, has been delayed again.

One of the plants would use coal and the other natural gas. Investment in both would sum $1.5 billion.

"These projects would add 775 MW to the country's energy production (525 MW by the gas plant and the rest by the coal one)", reported Elsalvador.com.

IDB backs $150 million Regional Financing Facility for Sugar and Bioenergy

February 2009

Program will focus on northeastern Brazil, Mexico and Central America.

The Inter-American Development Bank will support the establishment of a $150 million facility to provide short-term trade financing and medium-term investment loans to sugar and bioenergy companies and exporters in Brazil, Mexico and Central America.

Nicaragua: New line of credit for rural micro businesses

August 2008

The Central American Bank for Economic Integration (BCIE) granted a $2 million credit to Fundeser to finance small farmers and micro businessmen from both rural and urban areas.

This loan was granted to the Foundation for Socio-Economic and Rural Development and is a part of the expansion of a previous contract. Fundeser has a network of agencies in 22 municipalities.

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