Nicaraguan investment

Loans worth at least US$110 million will help fund road projects in Nicaragua in agricultural areas. The 863 Central American Bank for Economic Integration (CABEI) will provide Nicaragua with a short term loan of close to $61 million for a series of improvements to the national road network, some 11 sections overall. A further $50 million is already available, with another $11 million due in the week commencing 23 November 2011. In addition an extra $50 million will come from the 2332 World Bank (WB) and CABEI for road projects and should be approved during February 2012. These loans are being provided following good transparency of previous infrastructure investments achieve by Nicaragua’s ministry officials during the last five years. CABEI has injected $120 million into Nicaraguan road projects in the last five years.