CABEI finances significant strategic works in Nicaragua

04/04/2019
The agreements were signed by CABEI Executive President, Dr. Dante Mossi, and the Nicaraguan Minister of Finance and Public Credit, Mr. Iván Acosta.
The agreements were signed by CABEI Executive President, Dr. Dante Mossi, and the Nicaraguan Minister of Finance and Public Credit, Mr. Iván Acosta.

The financing is aimed at strengthening the country's competitiveness and productivity.

Managua, April 4, 2019. -  Today, the Central American Bank for Economic Integration (CABEI) signed two loan agreements with the Government of Nicaragua. The first, for up to US$176.7 million to finance the "VIII Highway Improvement and Expansion Program."

Likewise, the second loan for US$25.3 million is aimed at the, "Improvement Project for the Airports of the South Caribbean Coast," which involves the rehabilitation and construction of a series of infrastructure works at the Bluefields and Corn Island airports.

During the signing ceremony, CABEI Executive President Dr. Dante Mossi explained that both credits will lead to the development of programs aimed at fostering competitiveness in terms of infrastructure, regional trade and environmental sustainability. 

Significant strategic works
The "VIII Highway Improvement and Expansion Program" will contribute to the socioeconomic development of the target area in the Departments of Rivas, Chinandega and the Autonomous Region of the country's North Caribbean Coast by streamlining production, trade and transportation, benefiting an estimated 142,975 people in the direct target area.

With this program, CABEI hopes to support compliance with the Sustainable Development Goals (SDGs) that guarantee a healthy life and promote well-being for all; build resilient infrastructures; and promote inclusive sustainable industrialization and innovation.

As for the financing of the "Improvement Project for the Airports of the South Caribbean Coast," it includes the development of infrastructure works at Bluefields and Corn Island airports, as well as the installation of equipment for the safety and efficiency of aeronautical operations in said airports.

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