Inter-American Development Bank accompanies events in the country, which affected its management and led to the withdrawal of personnel from the office of Managua

 

 Nicaragua: IDB management can suspend disbursements to borrowing country (Jorge Cabrera / Reuters)
Protests against the government that have shaken Nicaragua since April and whose violent crackdown has generated international criticism have affected the work of the Inter-American Development Bank (IDB) in the country, but its leadership has not yet considered suspending loan disbursements, the agency said. Tuesday (7).
The IDB follows "closely" events in Nicaragua that have affected its management on the ground and led to the removal of non-essential personnel from the Managua office for security reasons, a spokesman told AFP.
"The crisis has affected the preparation and execution of projects and disbursements of IDB loans in the country. Our active portfolio of investment loans in Nicaragua has a disbursing balance of $ 624 million, "he explained.
The IDB's board of directors, where the 48 member states are represented, may suspend disbursements to a borrowing country, such as Nicaragua, but did not do so.
"To date, this alternative has not been discussed by our management," says the spokesman.
"We remain vigilant in deliberations on Nicaragua in the Organization of American States (OAS) and we support the calls of the international community for a peaceful resolution of the political conflict in this member country of the IDB," he added.

Crisis in Nicaragua affected IDB projects and disbursements

Inter-American Development Bank accompanies events in the country, which affected its management and led to the withdrawal of personnel from the office of Managua

 

 Nicaragua: IDB management can suspend disbursements to borrowing country (Jorge Cabrera / Reuters)
Protests against the government that have shaken Nicaragua since April and whose violent crackdown has generated international criticism have affected the work of the Inter-American Development Bank (IDB) in the country, but its leadership has not yet considered suspending loan disbursements, the agency said. Tuesday (7).
The IDB follows "closely" events in Nicaragua that have affected its management on the ground and led to the removal of non-essential personnel from the Managua office for security reasons, a spokesman told AFP.
"The crisis has affected the preparation and execution of projects and disbursements of IDB loans in the country. Our active portfolio of investment loans in Nicaragua has a disbursing balance of $ 624 million, "he explained.
The IDB's board of directors, where the 48 member states are represented, may suspend disbursements to a borrowing country, such as Nicaragua, but did not do so.
"To date, this alternative has not been discussed by our management," says the spokesman.
"We remain vigilant in deliberations on Nicaragua in the Organization of American States (OAS) and we support the calls of the international community for a peaceful resolution of the political conflict in this member country of the IDB," he added.

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