$ 19 Million from WB to Nicaragua

The funds will be earmarked for social development programs and to combat poverty.

Friday, February 4, 2011

The $ 19.5 million loan is for implementing the Family and Community Welfare Care Model, sponsored by the Ministry of Family, Youth and Children, (Mifano).

The Social Welfare Project is aimed at families living in extreme poverty with one or more children under 13 years of age, giving priority to children who are working and/or outside the school system.

More on this topic

Development Banking Ineffective in Costa Rica

June 2010

Millions of dollars earmarked for developing banking are standing idle in Costa Rica, because of legal, administrative and financial oversight problems.

The very laws that created these credit instruments are the reason of their lack of use. They end up not fulfilling their role of providing low cost financing for small and medium companies.

26% of Honduras Are Less than 10 Years Old

May 2010

Honduras’ population grows by 2.5% each year; in the most impoverished areas the rate is even higher.

According to the National Statistics Institute of Honduras, in 1988 the country had 4.616.000 inhabitants and by 2001 it had grown to 6 and a half million. Estimates for 2010 put the figure in 8.045.990. Honduras’ birth rate stands at 28.4 births for each 1000 inhabitants.

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.

IDB grants $20 million to Nicaragua

September 2008

The IDB approved a $20 million loan for the improvement of the tax collection system and the fight against poverty.

The credit was granted for a term of 40 years with an annual interest rate of 0.25% since the Inter-American Development Banks believes that Nicaragua has met the macroeconomic stability conditions demanded by the organism in order to disburse the funds.

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