IDB Backs Nicaragua's Climate Change Adaptation Project

The La Danta watershed in Nicaragua. The Inter-American Development Bank has approved USD10 million in loans to help conserve natural resources and protect watersheds in Nicaragua. Photo by: CPWF Basin Focal Project / CC BY CPWF Basin Focal ProjectCC BY

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.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.