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).
The Central American Bank for Economic Integration approved a loan for the Nicaraguan government to continue financing the National Program for Sustainable Electrification and Renewable Energy.
The resources will be used to carry out works of "Rural Electrification by Extension of Networks" and "Normalization of Service in Settlements", which guarantees that through the expansion of electricity coverage by connecting to the electricity distribution network, 35,000 homes in 1,278 rural communities will benefit nationwide, and the normalization of electricity supply to 79,050 homes in 402 urban settlements, reported the Central American Bank for Economic Integration (CABEI).
The Central American Bank for Economic Integration approved a line of credit that the government will use to finance programs in the education, health, housing and road infrastructure sectors.
The loan is aimed at the Multisectoral Program for Economic Reactivation and Social Protection (NIC-Solidaria), which aims to initially support at least 41 projects and programs of public investment, production and social assistance, reported 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."
A $130 million loan is being negotiated with the BCIE to begin, at the end of the year, improvement works at the port of Corinto.
Representatives from the National Port Company (EPN) explained to Elnuevodiario.com.ni that in addition to the terminal's modernization plan, which would "... double the arrival of cargo ships ... an investment of approximately $70 million will be made in modernizing the port, only in what corresponds to equipment, and that the project will take about two years."
Using resources from the European Union and the Nicaraguan government, a program will be financed which focuses on the transformation of the cattle value chain and the implementation of a sustainable production model.
The institutions promoting the program reported that "... through this program, the European Union (EU) is making available to the GRUN a total of €20 million, which will be administered by the Spanish Agency for International Cooperation for the Development (AECID), which is also contributing 500 thousand euros, and there will also be a counterpart contribution from the Government of €1.2 million."
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...".
With a loan from the BCIE, the improvement and renovation of 195 kilometers of roads in different areas of the country will be financed.
The project involves the paving of 194.39 kilometers, divided into six road sections with different asphalt pavement structures, hydraulic concrete and concrete paving slabs.
The Congress approved two loans for a total of $53 million for rural electrification works and the construction of four bridges in Río Blanco and Siuna, Caribbean region.
From a statement issued by from the National Assembly:
December 6, 2017.- Three decrees of loans, two of which are aimed at energy improvement and one for the construction of 4 bridges that will unite the Caribbean Coast with the Pacific, were approved, today, December 6, unanimously by the National Assembly.
With a loan from the IDB, new hospitals, health centers and maternity homes will be built and equipped in the departments of Nueva Segovia, Madriz, Estelí, Matagalpa and Jinotega.
From a statement issued by the Inter-American Development Bank:
The Inter-American Development Bank (IDB) has approved a loan of US $133 million to improve the well-being ofNicaraguans, through attention to the main factors that affect health conditions. Likewise, actions are planned to strengthen the quality of customer service, by training Ministry of Health staff.