Spain Reconverts Nicaraguan Debt

The Government of Spain Condoned $19 million of Nicaragua's debt and destined them to the Development Assistance Fund.

Wednesday, June 3, 2009

The funds will be allocated to health, education and fisheries. According to Education Minister Miguel de Castilla in Elnuevodiario.com.ni, projects include “[the] repair of three middle schools, a training program for fishermen and equipment provisions for the country’s hospital network in different specialties."

The Development Assistance Fund (FAD) is endowed by the Spanish State to provide concessional financial support to developing countries, their public institutions or their resident companies, as well as multilateral financial institutions.

More on this topic

Honduras: $146 million for 81.7 MW Solar Park

December 2014

The company SunEdison has obtained a multilateral international loan to build three photovoltaic power generation plants with a combined capacity of 81.7 MW.

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

BELMONT, California, Dec. 15, 2014 /PRNewswire/ -- SunEdison Inc.

USAID Leaves Panama After 50 years

June 2012

The U.S. Agency for International Development has announced the close of its operations in Panama in September 2012.

"In the 50 years of operation in the country, USAID has assisted with over $1.2 billion aimed at agricultural and community development programs, to large construction projects and expansion of public facilities", reports Panamaamerica.com.pa .

Costa Rica Condones Agriculture Debts

August 2009

Congress approved a project to condone $13.65 million in debt by small producers.

This law waives any debt held with the late Agricultural Trust (Fidagro), and the Productive Reconversion Fund.

Journalist Irene Vizcaíno writes in Nacion.com: "Both trusts were absorbed by the Development Banking System, instituted in April 2008".

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