We use Cookies. Read our Terms
- Where we work
- Municipal Social Investment Project
Municipal Social Investment Project
Nicaragua
| Borrower | Nicaragua |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Multisectoral |
| Approved | 14.03.2006 |
| Signed | 11.05.2006 |
| Status | Completed |
| Loan Administrator | IADB |
| Executing Agency | Emergency Social Investment Fund (FISE) of Nicaragua |
| Co-financiers | IADB, KfW, Government |
| OPEC Fund Contribution (US$m) | 4.00 |
| Total Project Cost (US$m) | 64.00 |
The Emergency Social Investment Fund (FISE) was set up by government specifically to provide basic social services and promote socio-economic development in Nicaragua’s most impoverished regions.
This loan will co-finance a series of small-scale, sub-projects selected by FISE in cooperation with municipalities and community organizations. These will cover four priority sectors: health, education, water supply and sanitation and rural roads. Beneficiaries will receive maintenance training to insure the project’s sustainability, and capacity-building will take place among government and community organizations.
OFID’s loan will be used specifically for the implementation of some 100 sub-projects, benefiting, in all, at least 150,000 people from 153 municipalities.