LatinNews Daily - 13 July 2022

In brief: Nicaragua approves BCIE loan to cushion fuel costs

*Nicaragua’s 92-member unicameral legislature has approved a US$200m loan from the Central American development bank (BCIE) to cushion the impact of the rise in fuel prices in Nicaragua. The US$200m loan is in line with US$800m in financing approved in April by the BCIE for its members which seeks to protect the purchasing power of the Central American population in the face of rising global inflation and fuel costs. Monthly inflation in June was 0.51%, bringing the annual rate to 10.37% (up from 3.94% in June 2021).

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