Caribbean Regional Communications Infrastructure Program (CARCIP)

Development Objective

Increase access to regional broadband networks and advance the development of an IT/ITES industry in Nicaragua and the Caribbean Region.

Key Details

Project Details

Project ID
P155235
Status
Closed
Team Leader
Rocio Sanchez Vigueras
Borrower 2
Republic of Nicaragua

Country
Nicaragua
Disclosure Date
August 18, 2015
Approval Date
(as of board presentation)
August 2, 2016
Effective Date
February 2, 2017

Total Project Cost 1
US$ 22.70 million
Implementing Agency
ENATREL,TELCOR
Region
Latin America and Caribbean
Fiscal Year 3
2017

Commitment Amount
US$ 20.10 million
Environmental Category
B
Environmental and Social Risk
Not Applicable
Closing Date
July 31, 2022

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED
Last Update Date
March 31, 2023

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Private Sector Development

FY17 - Business Enabling Environment40%
- FY17 - Innovation and Technology Policy35%
- FY17 - Investment and Business Climate5%
FY17 - Enterprise Development5%
- FY17 - Entrepreneurship5%
FY17 - Jobs100%
FY17 - Regional Integration25%

FY17 - Urban and Rural Development

FY17 - Rural Development30%
- FY17 - Rural Infrastructure and service delivery30%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Borrower/Recipient	2.60
IDA Credit	20.10

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	20.10
IBRD + IDA Commitment	20.10

Lending Instrument
Grant Amount	N/A
Total Project Cost**	22.70

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

No data available.

Detailed Financial Activity as of April 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Apr 1, 2020	IDA-58950	Int Charges	988.26
Apr 1, 2020	IDA-58950	Int Charges	63,495.13
Apr 1, 2020	IDA-58950	Int Charges	58,845.50
Apr 1, 2020	IDA-58950	Int Charges	63,495.13
Jan 3, 2020	IDA-58950	Loan Disb	145,902.06
May 21, 2020	IDA-58950	Loan Disb	318,089.72
Jun 17, 2020	IDA-58950	Loan Disb	493,838.40
Oct 1, 2020	IDA-58950	Int Charges	330.24
Oct 1, 2020	IDA-58950	Int Charges	65,530.94
Oct 1, 2020	IDA-58950	Int Charges	72,494.79
Oct 1, 2020	IDA-58950	Int Charges	72,494.79
Oct 20, 2020	IDA-58950	Loan Disb	1,099,728.10
Jul 6, 2020	IDA-58950	Loan Disb	218,954.80
Aug 12, 2020	IDA-58950	Loan Disb	525,728.44
Feb 11, 2021	IDA-58950	Loan Disb	354,558.28
Nov 20, 2020	IDA-58950	Loan Disb	518,444.44
Dec 4, 2020	IDA-58950	Loan Disb	1,086,276.80
Apr 1, 2019	IDA-58950	Loan Disb	312,271.62
May 17, 2019	IDA-58950	Loan Disb	166,768.05
Jun 24, 2019	IDA-58950	Loan Disb	58,838.91
Jun 13, 2019	IDA-58950	Loan Disb	1,195,202.80
Aug 14, 2019	IDA-58950	Loan Disb	169,387.83
Sep 26, 2019	IDA-58950	Loan Disb	913,190.90
Nov 7, 2019	IDA-58950	Loan Disb	253,445.06
Oct 1, 2019	IDA-58950	Int Charges	5,225.82
Oct 1, 2019	IDA-58950	Int Charges	44,808.56
Oct 1, 2019	IDA-58950	Int Charges	49,139.66
Oct 1, 2019	IDA-58950	Int Charges	49,139.66
Mar 17, 2020	IDA-58950	Loan Disb	299,008.97
Dec 12, 2019	IDA-58950	Loan Disb	156,830.34
May 7, 2018	IDA-58950	Loan Disb	423,689.28
Jun 21, 2018	IDA-58950	Loan Disb	801,440.60
Nov 26, 2018	IDA-58950	Loan Disb	63,124.49
Oct 30, 2018	IDA-58950	Loan Disb	215,191.75
Feb 14, 2019	IDA-58950	Loan Disb	1,409,416.50
Oct 1, 2018	IDA-58950	Int Charges	138.40
Oct 1, 2018	IDA-58950	Int Charges	21,718.44
Oct 1, 2018	IDA-58950	Int Charges	21,718.44
Oct 1, 2018	IDA-58950	Int Charges	19,452.11
Apr 1, 2019	IDA-58950	Int Charges	31,865.64
Apr 1, 2019	IDA-58950	Int Charges	31,865.64
Apr 1, 2019	IDA-58950	Int Charges	788.90
Apr 1, 2019	IDA-58950	Int Charges	24,472.07
May 18, 2017	IDA-58950	Loan Disb	1,000,000.00
Oct 10, 2017	IDA-58950	Loan Disb	1,000,000.00
Oct 1, 2017	IDA-58950	Int Charges	5,430.83
Oct 1, 2017	IDA-58950	Int Charges	5,430.83
Oct 1, 2017	IDA-58950	Int Charges	5,061.40
Nov 30, 2017	IDA-58950	Loan Disb	42,582.76
Feb 8, 2018	IDA-58950	Loan Disb	33,100.84
Apr 1, 2018	IDA-58950	Int Charges	14,614.52
Apr 1, 2018	IDA-58950	Int Charges	14,614.52
Apr 1, 2018	IDA-58950	Int Charges	13,481.94
Apr 13, 2018	IDA-58950	Loan Disb	42,274.45
Sep 6, 2018	IDA-58950	Loan Disb	400,000.00
Aug 2, 2016	IDA-58950	Loan Commitment	20,100,000.00
Oct 1, 2023	IDA-58950	Loan Repay	266,582.28
Oct 1, 2023	IDA-58950	Loan Repay	65,067.72
Oct 1, 2023	IDA-58950	Int Charges	137,984.45
Oct 1, 2023	IDA-58950	Int Charges	137,984.45
Oct 1, 2023	IDA-58950	Int Charges	128,597.82
Apr 1, 2024	IDA-58950	Int Charges	126,325.98
Apr 1, 2024	IDA-58950	Loan Repay	331,650.00
Apr 1, 2024	IDA-58950	Int Charges	135,546.84
Apr 1, 2024	IDA-58950	Int Charges	135,546.84
Apr 1, 2023	IDA-58950	Int Charges	1,406.74
Apr 1, 2023	IDA-58950	Loan Repay	331,650.00
Apr 1, 2023	IDA-58950	Int Charges	140,422.14
Apr 1, 2023	IDA-58950	Int Charges	140,422.14
Apr 1, 2023	IDA-58950	Int Charges	130,869.60
Apr 1, 2022	IDA-58950	Int Charges	1,228.99
Apr 1, 2022	IDA-58950	Loan Repay	331,650.00
Apr 1, 2022	IDA-58950	Int Charges	116,837.26
Apr 1, 2022	IDA-58950	Int Charges	116,837.26
Apr 1, 2022	IDA-58950	Int Charges	107,875.05
Aug 16, 2022	IDA-58950	Loan Disb	396,268.34
Mar 4, 2022	IDA-58950	Loan Disb	224,586.73
Dec 17, 2021	IDA-58950	Loan Disb	784,416.90
Oct 1, 2022	IDA-58950	Int Charges	1,014.09
Oct 1, 2022	IDA-58950	Loan Repay	331,650.00
Oct 1, 2022	IDA-58950	Int Charges	135,006.67
Oct 1, 2022	IDA-58950	Int Charges	135,006.67
Oct 1, 2022	IDA-58950	Int Charges	124,415.80
Oct 1, 2021	IDA-58950	Int Charges	1,398.55
Oct 1, 2021	IDA-58950	Loan Repay	331,650.00
Oct 1, 2021	IDA-58950	Int Charges	105,418.42
Oct 1, 2021	IDA-58950	Int Charges	105,418.42
Oct 1, 2021	IDA-58950	Int Charges	97,018.11
Aug 4, 2021	IDA-58950	Loan Disb	173,141.81
Mar 18, 2022	IDA-58950	Loan Disb	522,360.50
Sep 14, 2021	IDA-58950	Loan Disb	335,860.40
Dec 2, 2021	IDA-58950	Loan Disb	282,723.12
May 23, 2022	IDA-58950	Loan Disb	587,398.10
Dec 14, 2021	IDA-58950	Loan Disb	467,195.38
Apr 14, 2022	IDA-58950	Loan Disb	567,119.25
Jun 21, 2022	IDA-58950	Loan Disb	237,278.11
Jul 20, 2022	IDA-58950	Loan Disb	189,759.36
Jul 25, 2022	IDA-58950	Loan Disb	537,200.06
Jun 8, 2021	IDA-58950	Loan Disb	287,904.44
Apr 1, 2021	IDA-58950	Int Charges	2,032.25
Apr 12, 2021	IDA-58950	Loan Disb	236,271.73
Apr 1, 2021	IDA-58950	Int Charges	94,254.97
Apr 1, 2021	IDA-58950	Int Charges	94,254.97
Apr 1, 2021	IDA-58950	Int Charges	86,444.51
Oct 18, 2021	IDA-58950	Loan Disb	113,615.15
Jun 17, 2021	IDA-58950	Loan Disb	235,790.45
Nov 19, 2021	IDA-58950	Loan Disb	203,824.05

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2022-04-14
Procurement	Satisfactory	2022-04-14
Project Management	Satisfactory	2022-04-14
Financial Management	Satisfactory	2022-04-14
Counterpart Funding	Satisfactory	2022-04-14
Monitoring and Evaluation	Satisfactory	2022-04-14
Overall Implementation Progress (IP)	Satisfactory	2022-04-14

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 05-26-2023
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 10-09-2023	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Satisfactory	N/a
Borrower Performance		N/a
Government Performance		N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Trainees certified under the skills and training program Value 0.00 84.65 0.00
Date October 1, 2016 July 29, 2022
Comment
Services or applications created as a result of the ICT Innovation Ecosystem activities Value 0.00 63.00 0.00
Date October 1, 2016 July 29, 2022
Comment
Broadband Penetration in Caribbean Coast Value 0.00 19.37 0.00
Date October 1, 2016 July 29, 2022
Comment
IT companies´ satisfaction with the IT/ITES skills training and certification Program Value 0.00 40.00 0.00
Date October 1, 2016 July 29, 2022
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Direct Project Beneficiaries Value 0.00 157337.00 0.00
Date October 1, 2016 July 29, 2022
Comment
Implementation of a Strategy to Foster the IT/ITES Industry in Nicaragua and in the Caribbean Region launched Value No Yes
Date October 1, 2016 July 29, 2022
Comment
Events organized to promote IT/ITES industry and attract FDI in Nicaragua and in the Caribbean Value 0.00 22.00 0.00
Date October 1, 2016 July 29, 2022
Comment
of which female Value 0.00 35.00 0.00
Date October 1, 2016 November 26, 2018
Comment
Locations connected under Project Value 0.00 85.00 0.00
Date October 1, 2016 July 29, 2022
Comment
Other CARCIP countries with access to IT/ITES skills training Value 0.00 3.00 0.00
Date October 1, 2016 July 29, 2022
Comment
3G-enabled base stations in rural locations Value 0.00 25.00 0.00
Date October 1, 2016 July 29, 2022
Comment
Number of Manpower Trained under the Project (number of people) Value 0.00 7887.00 0.00
Date October 1, 2016 July 29, 2022
Comment
Length of Fiber Optic Network Built (km) Value 0.00 115.00 0.00
Date October 1, 2016 July 29, 2022
Comment
of which from other CARCIP countries Value 0.00 0.00 0.00
Date October 1, 2016 May 10, 2018
Comment
of which female Value 0.00 0.00 0.00
Date October 1, 2016 May 10, 2018
Comment
Collaboration agreements between University and firms under the Innovation Ecosystem Value 0.00 88.00 0.00
Date October 1, 2016 July 29, 2022
Comment
Solutions created under the Innovation Ecosystem Value 0.00 32.00 0.00
Date October 1, 2016 July 29, 2022
Comment
Open Innovation Events in the Collaboration Spaces Value 0.00 320.00 0.00
Date October 1, 2016 July 29, 2022
Comment

Trainees certified under the skills and training program	Value	0.00	84.65	0.00
	Date	October 1, 2016	July 29, 2022
	Comment

Direct Project Beneficiaries	Value	0.00	157337.00	0.00
	Date	October 1, 2016	July 29, 2022
	Comment

of which female	Value	0.00	35.00	0.00
	Date	October 1, 2016	November 26, 2018
	Comment

Locations connected under Project	Value	0.00	85.00	0.00
	Date	October 1, 2016	July 29, 2022
	Comment

of which from other CARCIP countries	Value	0.00	0.00	0.00
	Date	October 1, 2016	May 10, 2018
	Comment