NICARAGUA: The Saudi Fund for Development (SFD) has signed the first development loan agreement worth $103 million with Nicaragua to finance the construction and equipment of the Carlos Centeno Hospital in Las Minas, the Saudi Press Agency (SPA) reported on Friday.
CEO of the SFD Sultan Al-Marshad and the Vice Minister of Finance and Public Credit of Nicaragua, Bruno Gallardo signed the agreement.
Nicaraguan Minister of Finance and Public Credit Ivan Acosta, Minister of Health Martha Reyes and Deputy Ambassador of Saudi Arabia to Mexico Sultan Al-Muzaini also attended the signing ceremony.
Under the agreement a 25,000-square-meter hospital will be built with a capacity of over 300 beds to serve various neighbouring regions.
The hospital will provide comprehensive healthcare services, including surgery, emergency departments, children’s vaccinations, and facilities to train medical staff.
The agreement is part of SFD’s initiatives to support developmental efforts in various developing nations.
It also shows SFD’s keenness to help Nicaragua overcome economic and development challenges and stresses the importance of international cooperation and solidarity in pursuing sustainable development goals.
