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July 12, 2022
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President of CABEI promises more resources to the regime of Daniel Ortega

BCIE Managua

Daniel Ortega, who holds the presidency of the Republic of Nicaragua for the fourth consecutive term, announced in the presence of the executive president of the Central American Bank for Economic Integration (CABEI), Dante Mossi, who will inaugurate the new headquarters of that regional entity in Managua this Wednesday, March 16.

Mossi, together with the Minister of Finance and Public Credit, Iván Acosta, were in charge of laying the first stone of the six-story building to be inaugurated this Wednesday, built at a cost of 16.5 million dollars. The event, scheduled for last December, had to be postponedwhen ten Bank directors opposed the idea of see Mossi and Ortega in the same photowhose government is product of a new electoral fraud.

Ortega said that opening this “office” of the Bank in Managua, “is a clear sign of how the Central American peoples are integrated in the fight against poverty, and in the fight for peace.”

In his response, the Bank’s executive president – who is of Honduran origin – ratified the entity’s willingness to continue providing funds to Ortega, listing some of the projects financed and others to be financed, while praising the administration of the dictator.

Praising the good achiever

“Today we conclude what we started two years ago. This building cements the close relationship with Nicaragua,” said Mossi, assuring that Nicaragua has the largest financing program in Central America supported by the Bank, which includes the construction of hospitals, as well as health, water and sanitation programs.

“CABEI is ready to meet the demands that the country presents,” said the banker, assuring that in Nicaragua “the programs are implemented well,” he said, announcing that he would meet “with the Central Bank” to see how the post-pandemic recovery is going. , which could include support for small businesses in the dry corridor, so that they can develop sustainable agriculture programs.

Given that there is a limit on the funds that can be lent to each country, Mossi announced that “we are about to create a regional debt market so that Nicaragua can finance itself.”

The Honduran stressed that Nicaragua will be the second country in Central America to bring electricity to 100% of its population, while highlighting what he called “first-class highways”, including those that lead “to the Mosquitia”, which would take some of his compatriots to ensure that “we envy what we see on the other side of the Coco River. We envy progress.”

Mossi also announced that “we are going to support” projects in the South Caribbean, specifically in Bluefields, and reiterated his intention that connectivity with the entire country “become a reality”, while at the same time classifying the cleaning of the Lake as a “miracle”. Xolotlán, announcing that “in two years, its waters will be drinkable”, and will be ready for human consumption”.

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