Bluefields sanitation for the benefit of its population

Managua, April 6, 2018.- The Central American Bank for Economic Integration (CABEI) and the Nicaraguan Ministry of Finance and Public Credit signed a loan today for US $38,804,000.0 to partially finance the "Bluefields Sanitation Project".

This project is part of the National Human Development Plan (NHDP), which proposes a water and sanitation policy whose objectives include increasing effective coverage, improving the quality of the service, promoting the rational use of water, and ensuring the maintenance of existing systems and networks.

At the signing ceremony, CABEI's Nicaragua Country Manager, Edda Meléndez, explained that the Bank is committed to promoting its partner countries' inclusive economic growth in the region to generate quality jobs, reduce poverty and inequality, in harmony with the environment.

The works include the construction of a sanitary sewer and wastewater treatment system that will benefit an estimated 5,591 homes with a population of 27,955 inhabitants, thereby contributing to improve the health conditions and quality of life of the population of Bluefields, as well as to reduce the environmental pollution of the city and its bay.

This operation is part of CABEI's Country Strategy for the Republic of Nicaragua (2013-2017) and CABEI's 2015-2019 Institutional Strategy "Integrating Development and Sustainable Competitiveness," which will promote the strategic axis of Social Development mainly through the focus area of Human Development and Social Infrastructure, which includes support for water and sanitation projects.

It should be noted that the project is co-financed with US $21 million by the Ministry of Strategy and Finance of the Republic of Korea (MoSF), through the Korea Economic Development Cooperation Fund of Central America (Korea-EDCF).
This facility was signed in January 2017 between CABEI and the MoSF and is managed by Korea Eximbank. The EDCF facility originally amounted to US $100 million to co-finance CABEI operations that contribute to the balanced economic and social development of the member countries of the Central American Bank.