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IDB approves $2,1 million to strengthen policy-making capacity in Nicaragua

The Inter-American Development Bank today announced the approval of a $2.1 million soft loan to Nicaragua to help develop social policies that will be compatible with economic policy, with special emphasis on poverty reduction.
The program will also improve coordination among different ministries and branches of government, as well as with civil society, so the policy can be carried out.
The Technical Secretariat of the Office of the President* will be strengthened, and a management information system will be established with equipment to operate it.
A government policy will be developed that conciliates the principles of growth with equity, efficiency and accountability.
The loan is for a 40-year term, at an annual interest rate of 1 percent during the first 10 years and 2 percent thereafter. Local counterpart funds total $222,700.

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