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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Nicaragua: $149 million for Road Infrastructure

February 2015

The Central American Bank for Economic Integration has approved a loan of $149 million for the construction of 126 miles of road between the towns of Mulukukú and Siuna.

From a statement issued by the Central American Bank for Economic Integration (BCIE):

The Central American Bank for Economic Integration (BCIE) and the government of Nicaragua signed a loan for $149.2 million to finance the 'Project to Improve Rural Roads and Highways with a Connection to the Nicaraguan Caribbean '.

Nicaragua: $57 million for Road Infrastructure

May 2014

The government has announced the construction of 80 kilometers of roads in the north of the country with funds loaned and donated by the World Bank.

Construction of road is expected to start between the towns of El Cua and Wiwilí towards Santa María de Pantasma, in Jinotega, before the end of the year.

$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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