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Latin America Investment News on Viva Tropical

Failure to Show Transparency will cost Nicaragua $45 Million in Funding

Article Summary:

Failing to meet a December 15th deadline to publish a reliable census will cause Nicaragua to lose $45 million from the Inter American Development Bank (IDB) The IDB has become the largest bilateral donor to the country and thus is a heavy weight on the Nicaraguan Government’s shoulders who must show efficiency and transparency on the census to receive funding.

Photo Credit: La Prensa Nicaragua

Original Article Text From La Prensa Nicaragua via Google Translate :

Conditions IDB U.S. $ 45 Million to Transparency

The National Institute of Information Development (INID) must be published on December 15 the results of the new Survey of Living Standards Measurement (LSMS), since it depends that Nicaragua receives $ 45 million in budget support.

The funds are part of the cooperation program of the Inter American Development Bank (IDB), and are the last remaining to be disbursed to the Government.

Mirna Lievano de Marques, IDB representative in Nicaragua, explains that such resources are subject to the publication of a detailed survey, and also the validity of the data will be reviewed by experts from the IDB.

Lievano said that equally important is that information is “available without restriction”, to be known and evaluated by different sectors of the country.

The IDB has become the largest bilateral donor of Nicaragua, and knowing that weight is to press the Government on efficiency and transparency.

Link to Original Article:

From La Prensa Nicaragua

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