Nicaragua: Financing for Works in the Caribbean Area

The IDB plans to disburse up to $150 million this year to finance road construction and electrification works in areas of the Nicaraguan Caribbean.

Monday, April 16, 2018

Representatives of the entity in Nicaragua explained that the goal is to approve up to $280 million in loans for development works in the country this year. 

See also "Nicaragua: $39 million for sanitation"

Regarding the plan to grant up to $150 million for infrastructure projects exclusively for the Caribbean area, Baudouin Duquesne, IDB representative in Nicaragua, explained to Elnuevodiario.com.ni that "... this program has an infrastructure component, to serve several stretches of roads, electrification through renewable energy in areas where they do not have this service, and another component of productive development, which includes credit lines for small and medium producers."

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More on this topic

Nicaragua: $65 million for the Electricity Sector

October 2017

A loan from the Inter-American Development Bank will be used to finance the third phase of the Strengthening Program for the Electricity Sector.

From a statement issued by the Ministry of Finance:

October 27, 2017. Yesterday afternoon the Minister of Finance and Public Credit, Mr Iván Acosta Montalván representing the Government of Reconciliation and National Unity and representative of the Inter-American Development Bank (IDB), Mr. Baudouin Duquesne, signed the loan agreement "Program to Strengthen the Electricity Sector in Nicaragua" for the sum of US $65 million, with the purpose of financing the third phase of the Electricity Sector Strengthening Program.  

Guatemala: $100 million to Fund Infrastructure

November 2016

The government has announced that in 2017 it will put out to tender 45 infrastructure projects, financed with funds from the Inter-American Development Bank.

Health, education, security, and water and sanitation are the areas in which the Guatemalan government plans to develop projects in 2017.

Panama: $20 million for Rural Electricity

April 2014

With a loan from the Inter-American Development Bank and through means of public-private investments electricity network coverage will be expanded in rural areas.

From a statement issued by the Inter-American Development Bank (IDB):

"The Inter-American Development Bank (IDB) announced the approval of a loan of U.S.

IDB Loans $170 Million to Nicaragua

January 2010

The Inter-American Development Bank has earmarked the funds for energy, transportation and environment.

Daniel Zelikow, executive vice president of the bank, explained that one of the goals is to extend power availability to 60%-80% of the country’s rural areas.

Laprensa.com.ni published further comments by Zelikow: “And this is not only a matter of infrastructure, it also means tackling poverty, as it improves the standard of living and provides job opportunities for individuals”.

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