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European Union provides $21.2 million in finance for small businesses in Nicaragua. Boost for output and exports

Tuesday, September 6, 2011

The European Union is to provide $21.2 million in finance to strengthen small companies in Nicaragua. The money will be used for a program run by the Nicaraguan government.

“This is a four-year program. It has a budget of 17 billion euros ($20 million) of which 15.1 million euros will be provided by Europe and the rest from the Nicaraguan government,” a statement said.

The program aims to make small firms more competitive and develop their capacity to achieve exports.

Original source (in Spanish): AFP