Nicaragua: $9.4 million for Roadworks

With a loan from the OPEC Fund for International Development a 14 kilometer stretch of road will be constructed between the municipalities of Quilalí and El Jicaro, in the department of Nueva Segovia.

Thursday, October 16, 2014

The loan by the Fund for International Development (OFID) of the Organization of Petroleum Exporting Countries has a term of 20 years and an interest rate of 1.75%, with five years grace period.

Eleconomista.net reports that "... The money will be used to build Nicaragua's San Juan River Road Coco-Las Cruces, about 14 kilometers between the towns of Quilalí and El Jicaro, in the department of Nueva Segovia, bordering Honduras, according to the agreement. "

"... OFID loans to Nicaragua add up to 202 million dollars, which are being invested in 27 projects related to poverty reduction and socioeconomic development, the Nicaraguan government said. "



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Honduras Negotiating $134 million for Road

November 2014

The government is negotiating with the IDB over using the proceeds of a loan signed in 2010 to build 172 kilometers of roads in the south.

The project includes the construction of the CA5-South highway, which includes the Tegucigalpa-Choluteca sections which is 132 kilometers long and Jícaro Trouser Amatillo, 40 kilometers long.

Funding Approved for Road Infrastructure

February 2012

The Salvadoran Congress has authorized loan applications of up to $30 million for the Rural Connectivity Programme in the North and East of the country.

The amount will be managed by the Ministry of Finance and will be signed with the OPEN Fund for International Development (OFID), and the Inter-American Development Bank (IDB), reported DiarioCoLatino.com.

$10 million to Banco Ficohsa

November 2011

The OPEC Fund for International Development (OFID) and Banco Ficohsa have signed a credit line to support continued access to long-term financing by SMEs.

A press release from the OFID reads:

The OPEC Fund for International Development (OFID) and the Banco Financiera Comercial SA Honduras (Banco Ficohsa) yesterday signed an agreement for a line of $10 million credit to support continued access to long-term financing by Small and Medium Companies (SMEs) in Honduras.

$25 Million for Infrastructure in Honduras

June 2009

The OPEP Fund approved aid to various projects in twelve countries, including Honduras.

The funds will be designated to projects to rehabilitate rural highways.

El Heraldo publishes in its web portal: "The other countries that will receive funding are Bosnia-Herzegovina, Egypt, Ethiopia, Gambia, Mali, Mozambique, Nepal, Pakistan, Rwanda, and Senegal.

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