IDB Positive on Nicaragua

The improvement in competitiveness and support of the private sector are some of the positive elements being noticed by the entity.

Wednesday, May 4, 2011

The improvements observed by the Interamerican Development Bank (BID is Spanish) in the country have led to an increase of funding granted to private sector projects, exceeding the average amount given to other countries in the region.

New projects under development in various sectors of the economy, and the support the government is giving to them, have prompted the Bank to visit the country to meet and assess an increase in funds.

Gisella Canales in an article for La Prensa quotes: "We have seen that there are good opportunities in various specific sectors. Nicaragua also has good natural resources, so we have seen interesting projects in the forestry and mining (sectors). I think the textile industry has been quite strong, compared to ... other countries in the region, " said Vice President for the BID's private sector, Steven Puig.

More on this topic

Banpaís Joins IFC Program

June 2009

IFC announced that the Honduran Bank has joined its global financing for foreign trade program.

Its participation in the program will allow Banpaís to expand its financial transactions to foreign trade with an extensive global network of banks and improve Honduran companies’ access to credit lines for trade.

Multibank Joins IFC Program

July 2009

Multibank joins IFC Program to expand trade financing for panamanian businesses.

IFC, a member of the World Bank Group, announced that Multibank today became the first issuing bank in Panama to join IFC’s Global Trade Finance Program to improve access to finance for local importers and exporters and entry to new markets.

IDB earmarks US$3.7 billion in loans for private sector

June 2008

The Inter-American Development Bank (IDB) aims issue US$3.7 billion in loans to the private sector next year, said Steven J. Puig, the bank's vice president for private-sector lending.

Puig added that the IDB also hopes to increase its presence in Central America and the Caribbean. Two new officials are being hired in El Salvador to handle lending to major companies and small businesses respectively.

Honduran Ports to Receive $250 Million

March 2009

The IDB would grant a loan through a trust to the Honduran Port Authority (ENP) for port modernization.

Representatives from the Inter-American Development Bank (IDB) visited the company yesterday. Among them, IDB Vice President, Steven Puig, told Laprensahn.com: "We are very interested in authorizing the loan to the ENP as soon as possible so that they can begin to work on expanding their facilities."

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