World Bank funds Nicaraguan roads

World Bank funds Nicaraguan roads

Bonds Structured Finance Nicaragua Loans Project & Infrastructure Finance

The World Bank said it has approved a $96.8m loan for a road improvement program in Nicaragua.The financing includes a 25-year $46.8m credit with a five-year grace period from the multilateral agency's International Development Agency (IDA) and a 30-year $50m scale-up facility from the IDA with a nine-year grace period, the World Bank said in a statement.Nicaragua's Rural and Urban Access Improvement Project involves building two major roads around the capital city of Managua. It also includes p

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