Ortega Asks IADB to
Assist Fire Victims
MANAGUA - Nicaragua's
President Daniel Ortega
requested the
Inter-American
Development Bank (IADB)
to assist victims of the
July 31 fire that
destroyed the country's
largest market.
Ortega, along with his
economic cabinet and
other members of his
team, welcomed IADB
president Colombian Luis
Alberto Moreno at the
Government headquarter.
Both analyzed
possibilities of support
from that credit entity
to the development of
Nicaragua.
The president's request
to support victims of
the disaster in the East
Market, which left
losses higher to $100
million, Moreno said
that an expert from a
bank program denominated
FOMIN will work in the
affair.
The IADB has committed
nearly $88 million this
year in energy projects
and food programs in
this Central American
nation, analyzed in the
meeting.