Nicaraguan legislators approve US$65.3 in loans from abroad

Nicaragua's Parliament approved the receipt of US$65.3 million in loans for highways and health services.

Thursday, May 29, 2008

The first loan approved by the legislators was US$20 million from the Inter-American Development Bank for health services on the Atlantic Coast, mainly for repairs to the municipal hospital at Puerto Cabezas that was destroyed by hurricane Felix last September.

More on this topic

$850 million credit for infrastructure in Costa Rica

August 2008

IDB approved the loan for the repair of highways, bike paths, the airport in the southern zone of the country, and even for the Metropolitan Electric Train.

The Legislative Assembly will decide if the country accepts the loan or not.
President Oscar Arias called on lawmakers to vote in favor of the credit.

Panama to Receive $ 1.000 Million from IDB

March 2011

The IDB will make available $ 1.000 million over the next four years to develop infrastructure and energy projects.

Among projects to be developed is the improvement of the bay area in Panama City, programs to strengthen the energy sector, investments in sanitation and drinking water and programs which strengthen fiscal management.

Government of Costa Rica Takes Out Loans It Doesn't Use

October 2013

Interest and fees are paid for $781 million in outstanding loans, of which only $41 million have been used, 5% of the total.

The country pays interest and fees for a total of nine loans that have hardly been used. "Up until August, the Government paid a total of $3.8 million in commitment fees and interest on loans that were first implemented in the last four years ...", reported Nacion.com.

Pre-investment Studies for Infrastructure Financed

November 2012

Corporación Andina de Fomento has $200 million to fund preliminary studies for formulating comprehensive infrastructure projects in the region.

A statement from the CAF reads:

CAF provides funding for pre-investment in infrastructure in Latin America

- USD 200 million will be made available to support the management of strategic planning and project development of partner governments of the CAF, and to conduct preliminary studies for formulating comprehensive infrastructure projects in the region.

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