The Congress of Costa Rica has finally approved a $500 million loan for the state electricity company to carry out electric generation and transmission works, including three geothermal plants.
Of the total amount of the loan with the Inter-American Development Bank (IDB) approved by the Legislative Assembly, close to $200 million will be used to finance the Pailas II, 50 MW, and Borinquen I, 55 MW geothermal projects, both in Liberia, Guanacaste.
$14 million will be allocated to renovating 50 thousand hectares of coffee plantations, with varieties less vulnerable to climate change and more resistant to diseases such as rust.
The head of the Colombian Ministry of Finance reported that "...
In Costa Rica, six out of eight banks are opposed to the possibility of lending the $35 million required to finance technical studies for a new highway between San José and San Ramón.
Nacion.com reports that "... Since November 29, the Bank of Costa Rica, administrator of the trust for the highway, knocked on the doors of Banco Nacional, BAC San José, Davivienda, Banco Internacional de Costa Rica (BICSA), the Banco Interamericano de Desarrollo (BID) and Instituto Nacional de Seguros (INS) to raise the money. However, those institutions rejected the request for different reasons."
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."
Congress has approved a loan to finance the development of an advanced computer platform and for rural road maintenance projects.
The Legislative Assembly of El Salvador reported that loan contracts to carry out government works were approved. According to a statement, "... a loan authorized to endow the tax strengthening program with resources will be signed by the Executive and the Inter-American Development Bank (IDB) for an amount of $30 million."
The IDB plans to disburse up to $150 million this year to finance road construction and electrification works in areas of the Nicaraguan Caribbean.
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.
With resources from Fomilenio II, a residential and industrial wastewater treatment system will be built in August of this year in the municipality of Nejapa.
From a statement issued by Fomilenio II:
FOMILENIO II, the company Lactolac and the municipality of Nejapa signed an investment agreement for $20.8 million which will improve the quality of life of more than 16,000 people in the locality, it will contribute to improving the business climate in the municipality of Nejapa - due to the potential productive area- and to conserve natural resources, as it seeks to contain the process of contamination of the San Antonio River.
In Costa Rica, a new bill has been presented to grant resources at a preferential rate to producers, aimed particularly at the smaller ones.
According to the bill, which received a positive ruling in committee and now must go to the Plenary, the fund will be financed by a contribution of 5% from the liquid surplus of the Coffee Institute of Costa Rica (Icafé), resources from the Ministry of Agriculture and Livestock and funds recovered from the Trust Fund for Coffee Producers Affected by Rust and the Coffee Plantation Renewal Plan.
With a loan from BCIE, the construction of the Montegrande project will be completed, consisting of a multipurpose dam on the Yaque del Sur riverbed in the Dominican Republic.
The project consists in the construction of a multipurpose dam on the bed of the Yaque del Sur river, in order to control floods, provide water for drinking water, as well as water for agricultural irrigation and the development of aquaculture and tourism activities.
With a loan from the IDB, plans are underway to carry out road renovation works on the cantonal road network, especially in the areas affected by storm Nate in 2017.
For the 61 projects in the first stage ofPRVC II, the MOPT estimatesholding approximately 12 tenders, each of which will include between four and five projects. As part of a second stage, around 64 projects will be worked on, which correspond to about 41 million dollars and are currently in the analysis phase.
The bill put forward by the Varela administration proposes regulating the operation of crowdfunding platforms, and creates the concept of Family Offices of Patrimonial Administration.
From a statement issued by the Ministry of Finance:
With a loan from the World Bank, outstanding construction works will be completed in several road sections in Granada and Rivas.
This financing for roads is part of a total of $145 million approved by the World Bank for various works in the country, including improvements in the health care system in rural areas.A statement issued by the entity states that "... $60 million will be allocated to the expansion of the Community and Family Health Model nationwide...".
A loan from the World Bank is to be used to finance improvements to the infrastructure and the quality of services in health, education, and water and sanitation in the country's 12 indigenous territories.
From a statement issued by the World Bank:
Washington, March 15, 2018—The World Bank Board of Directors approved a US$80 million project today to improve the infrastructure and quality of health, education, water and sanitation services in 12 Indigenous territories of Panama. The innovative project is based on the priorities established by the Indigenous communities and their traditional leaders.
The union of builders is proposing creating an insured mortgage fund, to provide financing for those who can not meet the requirements demanded by banks.
The Chamber of Developers of Nicaragua (Cadur) announced that the fund could start with an initial seed capital of $5 million.The objective of the fund is to finance the purchase of new homes, and to facilitate access to financing for workers in the informal sector or clients that receive remittances from abroad.
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