Nicaragua: $55 million for Work on Customs Offices

Approved resources from an international loan will be allocated to infrastructure improvements at the customs offices of Peñas Blancas, San Pancho and Guasaule.

Thursday, August 27, 2015

One of the purposes of the improvements to be undertaken at the customs offices is to reduce the time it takes to process control of goods in transit, something that Nicaraguan businessmen and the region have complained about repeatedly.

A statement from the National Assembly explains that "... they money will be invested in: improving these crossings, reducing paperwork and making them more efficient, with the aim of reducing the transit time of goods in Nicaragua and to become more competitive commercially in the Central American region, strengthening the creation of the single window; as well as training staff working at these border crossings. "

The loan from the Inter-American Development Bank was signed on July 13 by the Ministry of Finance and Public Credit.



More on this topic

Costa Rica: Improvements to Border Posts Still Awaited

April 2017

The $100 million loan contract to modernize the posts of Las Tablillas, Peñas Blancas, Paso Canoas and Sixaola has been withdrawn from the legislative agenda in order to re-consult with indigenous peoples.

The loan agreement between Costa Rica and the Inter-American Development Bank was withdrawn from the legislative agenda for further consultation with indigenous peoples.  

Plan to Streamline Regional Trade

April 2016

It has been announced that using funds from the Inter-American Development Bank a tender will be launched for a plan to improve and streamline cross-border trade in the region.

The goal is to design and implement a system to improve and expedite the transit of goods between the Central American countries which currently face several obstacles affecting competitiveness, such as customs delays and duplication of procedures.

Financial Support for Honduras-Guatemala Customs Union

February 2016

The Central American Bank for Economic Integration has announced that this month it will deliver 55% of the funds required to implement the customs union between the two countries.

The funds pending for the implementation of the Customs Union between Guatemala and Honduras are being managed by the Central American Bank for Economic Integration (BCIE) for a total of $1.5 million for delivery in February.

Guatemala-Mexico: $250 million for Border Crossings

May 2014

An announcement has been made that an agreement will be signed between the two governments to build ten border crossings using funding from the Inter-American Development Bank.

From a press release issued by the Government of Guatemala:

250 million dollars will be invested in the installation of 10 border posts between Guatemala and Mexico.

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