The Central American Bank for Economic Integration approved a $21.4 million extension for the financing of the "Project to Improve the Technical and Operational Capabilities of Puerto Corinto."
This extension brings the total amount guaranteed to $184.6 million, making it the largest investment in the country's port sector in recent decades, informed the Central American Bank for Economic Integration (CABEI).
The Central American Bank for Economic Integration approved a line of credit, whose funds will be used by the Nicaraguan government for the construction of six pre-industrialized steel modular hospitals.
The initiative is focused on the construction of 6 pre-industrialized and pre-designed modular steel hospitals in five cities of the country, with a 378-bed capacity and their respective equipment, informed the Central American Bank for Economic Integration (CABEI).
With a line of credit from CABEI, the Nicaraguan government will finance projects focused on the transformation of extensive cattle raising, agriculture and wood exploitation.
The Board of Directors approved the financing proposal for the Bio-CLIMA Project: integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and the Rio San Juan biosphere in Nicaragua, for a total amount of $115.7 million, reported the Central American Bank for Economic Integration (CABEI).
The Central American Bank for Economic Integration signed two loans that will be used to finance road works and works to improve water and sanitation systems.
The first is a loan of up to Ch$333,874,540 million to finance the "VIII Road Improvement and Expansion Program". And the second one for $251,470,000 million for the "Program for the Improvement of Potable Water and Sanitation Systems in 7 cities," informed the CABEI.
The CABEI and the Nicaraguan government signed two loans for the construction and expansion of highways and for the refurbishment of airports on the South Caribbean Coast.
The loan approved will be to finance the "VIII Road Improvement and Expansion Program" and for the "Airport Improvement Project of the Southern Caribbean Coast," the financial institution said in a statement.
Within the framework of the political and economic crisis that has limited access to international loans, Nicaragua's National Assembly approved a $100 million loan with a Taiwanese bank, at the request of the Ortega administration.
After U.S. President Donald Trump signed a law known as the "Nica Act" in December 2018, which limits Nicaragua's access to international loans, Daniel Ortega's government has been forced to seek new sources of financing.
The government reported that the Inter-American Development Bank has approved a $20 million loan to finance renewable energy projects managed by small and medium enterprises.
Vice President Rosario Murillo told government media that "... the IDB gave no objection to Banco de la Producción (Banpro) who will give loans to small and medium-sized renewable energy companies," this is reported by Iván Acosta, Minister of Finance, who in turn received the note from Francisco Mayorga who represents us at the IDB."
The coffee trader Ecom will be managing the funds provided by Starbucks, IFC and the IDB for long-term financing to help Nicaraguan coffee growers fight against rust.
From a statement issued by the International Finance Corporation (IFC):
The National Assembly has approved a loan from the CABEI to build water and sanitation systems, storage tanks, septic tanks, sewers and household connections.
From a statement issued by the National Assembly of Nicaragua:
Following the adoption of a decree for a $30 million loan signed between the Republic of Nicaragua and the Central American Bank for Economic Integration (CABEI ), 121 rural municipalities will benefit from the implementation of the "Project for Sustainability Rural of Water and Sanitation"
The National Assembly has approved a loan from the Central American Bank for Economic Integration for hydraulic cement paving of 45 kms of the stretch passing through La Gateada- Naciones Unidas - Bluefields.
From a statement issued by the National Assembly of Nicaragua:
The Inter-American Development Bank has approved a loan of $61.5 million to improve access by road to the South Atlantic Autonomous Region.
From a statement issued by the Inter-American Development Bank (IDB):
The Inter-American Development Bank (IDB) has announced the approval of a loan of US $61.5 million to Nicaragua to improve the quality of transport services and national and international integration of the country.
The government has announced that it will be obtaining a loan from the Central American Bank for Economic Integration to rebuild 97 miles of roads and trails that connect with the Caribbean.
In order to improve links with the Caribbean, roads will be paved with reinforced concrete, stretching 44.6 kilometers from the town of Mulukukú to Siuna and 52.5 kilometers between the towns of Rama, Kukra Hill and the Junction of Laguna de Perlas.
The government has signed a loan agreement with South Korea for financing of the second phase of the National Sustainable Electrification and Renewable Energy Program.
Nicaraguan Government officials said the loan "will strengthen the transmission, among others, at the Tumarín hydroelectric project, run by the company Centrales Hidroeléctricas de Nicaragua (CHN), created by the Brazilian state Eletrobras and conglomerate Queiroz Galvao."
The CABEI has granted Nicaragua a $50 million loan for maintenance and renovation of its road network.
The government of Nicaragua and the Central American Bank for Economic Integration (CABEI) have signed a loan agreement for $50 million for the Renovation and Maintenance of Roads and Highways in the country, informed the Ministry of Transportation and Infrastructure.
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