Nicaragua to boost coffee growers with US$20 million in aid

Nicaragua's government is to invest US$20 million this year in a program of technical and financial assistance for coffee growers. Coffee is the country's leading export.

Friday, May 23, 2008

Cash will be on offer to provide up to 20,000 growers with facilities for the purchase of machinery and equipment, said Walter Navas, a leader of the National Coffee Council (Concafé).



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November 2010

The assistance will help identify possible investment patterns in public-private partnerships.

As a way to revive the economy the Government is promoting investment in public-private partnerships. The president has asked the private sector to join him on this project.

La Prensa Gráfica states on its website, "On this issue, the multilateral agency is providing technical assistance to the Government in order to identify structures of this type of investment, informed the IDB representative in El Salvador. At this moment we are providing assistance for the identification of possible mechanisms for public-private partnerships," said Carmenza McLean, IDB representative in the country.

Crisis in Costa Rican Hotel Sector

August 2010

Some 40 companies in the north of the country have requested government financial assistance as a result of the drop in tourism.

The request includes, among other suggestions, a financial plan and a program to provide technical assistance.

"The third suggestion is to create a marketing plan for the sector.

Development of El Salvador's North

August 2009

Fomilenio's investments intend to provide basic infrastructure for the region's development.

In addition to the construction of a highway, Fomilenio (Millenium Fund), has $87 million to be executed before September 2012, aimed to fostering human development and production in the northern region of El Salvador.

Nicaragua: New line of credit for rural micro businesses

August 2008

The Central American Bank for Economic Integration (BCIE) granted a $2 million credit to Fundeser to finance small farmers and micro businessmen from both rural and urban areas.

This loan was granted to the Foundation for Socio-Economic and Rural Development and is a part of the expansion of a previous contract. Fundeser has a network of agencies in 22 municipalities.

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