CABEI formalizes support for the acquisition of COVID-19 vaccines and the strengthening of the hospital network in Nicaragua


It is estimated that 3.27 million Nicaraguans will be able to be immunized, and that the modular hospitals to be installed will improve medical care nationwide.

Managua, June 2, 2021.- Taking advantage of the visit to Nicaragua by CABEI Executive President Dante Mossi, CABEI formalized on Wednesday the financing contracts for US$100 million for the acquisition of vaccines against COVID-19 and US$18.5 million for the execution of "Tranche A" of the project that will strengthen the hospital service network.

In addition to Mossi, the agreements were signed by the Vice Minister General of Finance and Public Credit, José Adrián Chavarría. The Minister of Health, Dr. Martha Reyes, and the directors of Nicaragua and the Dominican Republic at CABEI, Ramón Uriel Pérez and Hostos Rizik, attended as witnesses of honor..

"It gives me great satisfaction to take advantage of my visit to Nicaragua to formalize and announce the launch of two important projects to support the authorities' efforts to safeguard the health of its inhabitants. In the case of the loan for the acquisition of COVID-19 vaccines, 3.27 million Nicaraguans will be able to benefit from immunization; while in the case of the modular hospital project, it is estimated that 3 million inhabitants will benefit," said Dr. Mossi.

On April 27 of this year, CABEI announced  support for the country's COVID-19 Vaccination Deployment Plan with a US$100 million loan that will cover 69.2% of the prioritized population through the purchase of 6.86 million vaccines. Among the beneficiaries are expected to be teachers, tourism professionals, as well as workers at border points; risk groups between 40 and 59 years of age, and between 18 and 39 years of age.

The project "Strengthening the Health Care Capacity of the Hospital Service Network in Prioritized Health Units", is for a total of US$114.6 million, of which CABEI is financing US$85.0 million (US$66.5 million is guaranteed by an Export Credit Agency) and US$29.6 million is co-financed by the same Export Credit Agency.

This project consists of the construction of six pre-designed modular hospitals with a capacity of 378 beds each, as well as their respective equipment, which will be installed in Managua (2), Masaya (1), Matagalpa (1), Estelí (1) and Chontales (1). An Outpatient Oncology Clinic will also be built and equipped, as well as a molecular laboratory.