The construction sector expects an increase in demand now that there has been an official increase from $20 thousand to $23 thousand in the ceiling for the price of social housing.
In addition to raising the cap so that more homes are considered of social interest and can be purchased with a subsidy on the interest rate, it was also agreed to grant a direct bonus of up to $2,000 for families to finance the purchase of a home of this kind.
With the backing of Congress the National Electricity Company aims to raise money on the international market in order to improve its debt profile.
Converting short-term debt which has high rates to debt with longer maturities and with lower interest rates, is what the National Electricity Company (ENEE) is aiming for in the external market.Congressional authorization allows the ENEE to issue up to $858 million in debt.
Less investment, depletion of international reserves and contraction of public spending, in the opinion of Funides, are some of the effects that might be felt if the US Senate approves the bill.
The Nicaraguan Foundation for Economic and Social Development (Funides) has analyzed the potential impact of a possible US approval of the bill known as the "Nica Act", which aims to place conditions on the granting of loans by international institutions to the Ortega administration.
The US Congress passed a law which puts conditions on Daniel Ortega's government for obtaining loans from international institutions.
The purpose of the law known as the Nica Act, is for loans negotiated between Nicaragua and international financial organizations to be rejected by the United States, unless the Ortega government takes"... measures for the restoration of democracy and the holding of free, fair and transparent elections."
Through the company LaGeo the government has announced that $250 million is needed to start exploration in new areas and to change a geothermal turbine plant in Berlin.
Authorities at the HEPP Executive Commission of the Lempa River (CEL Group) explained that they have made closer ties with institutions such as the World Bank and the CABEI in order to negotiate possible financing.
A $224 million loan from the Japanese government will be used to build the Borinquen I geothermal plant, which will start operating in 2023 with an installed capacity of 55 MW.
The agreement of understanding signed between the governments of Costa Rica and Japan includes the construction program, the investment scheme and procurement plan, among other technical, legal, environmental and financial aspects.
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