Nicaragua: $116 Million for Agriculture

With a line of credit from CABEI, the Nicaraguan government will finance projects focused on the transformation of extensive cattle raising, agriculture and wood exploitation.

Friday, November 13, 2020

The Board of Directors approved the financing proposal for the Bio-CLIMA Project: integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and the Rio San Juan biosphere in Nicaragua, for a total amount of $115.7 million, reported the Central American Bank for Economic Integration (CABEI).

According to the BCIE's statement dated November 13, through Bio-CLIMA, conservation and restoration activities in protected areas will be financed, involving communities and indigenous peoples, through the implementation of business plans for the creation and consolidation of sustainable community enterprises and sustainable forest management plans.

These actions will be supported by strengthening technical and institutional capacities at the local level, which will facilitate the formulation and implementation of these plans.

The document outlines that "... as a result of the blending of resources from the CABEI loan and the Green Climate Fund (GFC), the conditions of this financing will have a fixed annual interest rate of 0.50% and a term of up to 40 years including a 10-year grace period."

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More on this topic

Nicaragua: $24 Million More for Reforestation

May 2021

The Central American Bank for Economic Integration approved a $24 million extension of an existing line of credit, funds that will be invested in the implementation of sustainable production models and forest management and reforestation.

These funds will be used to increase financing for the "Bio-CLIMA Project: Integrated Climate Action to Reduce Deforestation and Strengthen Resilience in the Bosawas and Rio San Juan Biosphere Reserves" on Nicaragua's Caribbean Coast.

Guatemala: $9 Million for the Forestry Sector

February 2020

The IDB approved a $9.2 million credit for the government to implement a forest management project that will benefit 225 forestry companies.

The funds will be used in climate change adaptation and mitigation programs, through the Sustainable Forest Management project, reported the government of Guatemala.

Wood in Costa Rica: Slight Business Improvement

October 2018

The production of wood in rolls reached 981,445 m3 during 2017, a volume only 1.3% higher than that reported in 2016.

According to the annual report of the National Forestry Office (ONF), in the harvest of 981,445 m³ of wood in rolls reported last year, was considered log wood dedicated to export and sawn timber by the primary processing industry.

Costa Rica: Figures in the Timber Sector

August 2015

In 2014 1.017.000 cubic meters of roundwood timber were processed, of which 78% came from forest plantations, 20% from land in use and agriculture, and 2% from forests.

From a summary of the study by the National Forestry Office (ONF):

As part of the results revealed in this report, it is estimated that the industry of primary wood processing, in both stationary and portable plants, processed 1,017,000 cubic meters of roundwood (m3-r). Of that amount, 788,666 m3-r (77.6%) come from forest plantations, 207,693 m3-r from land used for agricultural (20.4%) and 20,640 m3-r from forests (2%). This information confirms a 4.4% increase in volume compared to the amounts reported in 2013.

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