IDB Lends $20m to Nicaragua

The IDB has approved a $20m loan to Nicaragua. The loan includes a $10m financing for a 30-year term at a 5.5-year grace period at a variable interest rate and a $10m financing from the fund for special operations for a 40-year term and grace period at an interest rate of 0.25%. Nicaragua’s Ministry of Agriculture and Forestry will carry out the program, which aims to improve the skills and access to technology of farmers.