IDB Boosts Nicaraguan Financial System

The Inter-American Development Bank has provided USD20 million to develop Nicaragua's financial system and business sector,

reports. The credit line will benefit small and medium-sized businesses and micro-enterprises. It will be managed by Financiera Nicaragüense de Inversiones.

About the author

  • 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.