The Inter-American Development Bank has approved two loans, worth a total of USD10 million, to help local communities in Nicaragua better adapt to climate change. The loans will finance a program to conserve and manage natural resources as well as protect watersheds in the Central American country.
The program seeks to improve risk management at the municipal level and help agricultural producers adapt to the effects of climate change. It will be implemented in seven municipalities and is expected to benefit up to 3,600 people.
The Nordic Development Fund will provide 2.5 million euros (USD3.4 million) to the program.