The announcement was made by the representative of the Inter American Development Bank (IDB) in Nicaragua, Mirna Marquez Liévano.
Of the total, $31.4 million will be used for social investment projects, such as water and sanitation programs in secondary cities in Nicaragua and for the development of a plan to reduce the amount of non billed water in Masaya.
According to an article in Elnuevodiario.com.ni, "At the same time, the financial institution is planning to approve a second phase loan 45 million dollars for political reform, which will be used to improve the efficiency of health spending and social protection, said the official."
Source: elnuevodiario.com.ni
More on this topic
March 2011
The IDB representative in Managua, Mirna Liévano, confirmed funding for the country in 2011.
Funds will support initiatives in electricity, transportation, housing and social projects.
On the political situation, the IDB representative added: "... the economic situation in Nicaragua is quite stable, for example, monetary and exchange policies are very predictable,” according to a publication by Prensalibre.com.
February 2010
The money will be primarily invested in the energy generation sector.
Mirna Liévano de Márquez, IDB representative in Nicaragua, explained the funds surpass those of 2009 ($162 million), and 2008 ($80.2 million).
Liévano added that “we are pleased to contribute in the energy sector, as we consider it a problem in Nicaragua”, reported Elnuevodiario.com.ni.
January 2010
The Inter-American Development Bank has earmarked the funds for energy, transportation and environment.
Daniel Zelikow, executive vice president of the bank, explained that one of the goals is to extend power availability to 60%-80% of the country’s rural areas.
Laprensa.com.ni published further comments by Zelikow: “And this is not only a matter of infrastructure, it also means tackling poverty, as it improves the standard of living and provides job opportunities for individuals”.
October 2008
The IDB will grant $92.5 million to Nicaragua for investment in the energy sector, the entity reported in a press release.
The funds will be used to invest in transmission, transformation and rehabilitation of the energy generation plants, the note given to the press pointed out.
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