Nicaragua's National Assembly Authorizes Loan with CABEI for Road Infrastructure
Nicaragua's National Assembly authorized the Executive Branch to manage a loan of $97 million with the Central American Bank for Economic Integration to expand and improve roads through the XI Road Infrastructure Program.
TL;DR
- The National Assembly of Nicaragua approved a $97 million loan with the CABEI.
- The funds will be used to expand and improve roads in Nicaragua.
- The loan is for the 'XI Program for the Expansion and Improvement of Roads'.
- The Ministry of Transport and Infrastructure (MTI) will execute the program.
- A previous loan of $235 million, including these $97 million, was authorized in October.
- Plenary powers were granted to Nicolás Espinoza Rivera to sign the loan agreement.