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World Bank approves $7 million for rural telecommunications in Nicaragua.

Publication: M2 Presswire
Publication Date: 28-APR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-28 April 2006-WORLD BANK: World Bank approves $7 million for rural telecommunications in Nicaragua(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:27042006

WASHINGTON - The World Bank's Board of Directors approved today a $7 million, zero-interest credit to Nicaragua in order to increase access to and reduce costs of telecommunications services in rural areas.

"Despite Nicaragua's considerable progress in telecommunication services over the last decade, the country continues to have one of the lowest telephone density and ICT levels in Latin America," said Jane Armitage, World Bank director for Central America....

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