IDB grants $20 million to Nicaragua

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

Friday, September 26, 2008

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.

More on this topic

More Foreign Credit for Private Companies

July 2011

International financial entities will increase the amount of finance available for private businesses and projects in Latin America

The International Finance Corporation (IFC), the World Bank, the Inter-American Development Bank (IDB) and the American Investment Corporation (IIC) have announced their willingness to increase resources for the financing of "eco-friendly projects, infrastructure, agribusiness and even educational projects," developed by private enterprise.

Guatemala: BID Bank Loans Could be Suspended

July 2011

The entity is analyzing suspending or extending loans that had been approved to finance part of the government’s budget.

Over $400 million designated for health affairs, competitiveness, small and medium enterprises, among other sectors, may not be disbursed unless congress speeds up their approval.

Nicaragua Receives Loan from IDB

December 2010

The IDB approved a $ 12.5 million loan for the Comprehensive Care Program for Nicaraguan Children (PAININ).

The project aims to contribute to the development of children less than six years old in conditions of extreme poverty in rural Nicaragua and improve their opportunities, including timely entry into the educational system.

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.

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