Corporación de Inversiones Turísticas S.A. (“CITSA”)
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Piffaretti, Pablo Eduardo
USD $ 3,500,000
Project scope and objective
The objective of this IIC operation is to finance (i) investments for the maintenance of the Holiday Inn, (ii) repayment of CITSA’s current long-term debt, and (iii) the purchase of land for building and outfitting a new convention center in Nicaragua.
CITSA is a Nicaraguan company that provides hotel lodgings primarily for business travelers staying in Managua.
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