Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Nicaragua
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Inter-American Development Bank (IADB)
Status: Implementation
Bank Risk Rating: C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-03-22
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Ministry of Finance
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Finance
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 65.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ IADB website
Updated in EWS: 2017-06-22
Disclosure Date: 2016-10-28
Program to Improve Productivity in Nicaragua II
IADB-NI-L1096

Project Description
The overall objective of the program is to improve productivity in Nicaragua. This operation supports policy reforms seeking to strengthening financial regulation to eliminate structural barriers that affect the ability of companies to access financing, enhancing the business climate and competition, and strengthening the institutions that promote productive development. Specific objectives are: (i) to maintain a stable macroeconomic framework, consistent with the program objectives; (ii) to strengthen financial regulation to improve access to financing for productive projects and enterprises; (iii) to improve the business climate and competition; and (iv) to strengthen the institutional framework to support productive development.
Investment Description
Funding comes as $39 million (60%) of ordinary capital and $26 million (40%) from the Fund for Special Operations. This is the second of two consecutive operations, technically linked but financed separately, under the modality of a programmatic policy-based loan.
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).
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