IDB applauds Nicaragua’s excellent project execution

April 3, 2013 - PRLog -- The Representative of the Inter-American Development Bank (IDB) in Nicaragua, Carlos Melo, recently applauded the successful execution of programs and projects financed by this institution that were led by the Government and the private sector, highlighting the positive results perceived by Nicaraguans.

During a mission formed by the directors of the IDB, whose primary goal was to verify how programs financed by the IDB were advancing, Melo commented that the bank’s shareholders have taken home a very positive vision of the projects in Nicaragua. According to Melo ‘’these projects have an important impact in the country’s growth and in all areas of competitiveness of the country such as energy and transport as well as sectors that have an impact on people, such as health and child care’’.

The IDB Representative also emphasized that the country’s rural area has a big exportation potential, which could help improve competitiveness and efficiency, generating a development framework for the entire Central American region.

Additionally, Bayardo Arce, Presidential Advisor on Economic Matters, stated that during the visit the IDB directors met with members of the Government Cabinet, representatives from PRONicaragua, the official investment promotion agency of Nicaragua, the Supreme Court of Justice, and private sector. They also visited several important public and private projects that were executed in Nicaragua with the financial support of the IDB. Furthermore, Arce also pointed out the IDB’s approval of granting Nicaragua US$392 million in financing for the next two years.