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IDB to chair meeting of Consultative Group for Nicaragua in Managua, October 27-28

The Inter-American Development Bank will chair on October 27 and 28 in Managua a meeting of the Consultative Group for Nicaragua, an international initiative that supports the Central American nation’s efforts to strengthen its democratic institutions, improve the economy and raise the living standards for the poor.

The two-day event, which will take place at the Hotel Real Inter-Continental Metrocentro, will bring together delegates from donor countries and multilateral organizations and leaders from Nicaragua’s government and civil society.

Nicaraguan President Enrique Bolaños and the IDB's Regional Operations Department Manager for Mexico, Central America, Haiti and the Dominican Republic, Miguel E. Martínez, are due to open the meeting at 9:00 a.m. on Monday, Oct. 27. This ceremony will be open to the press.

The Consultative Group for Nicaragua last met in May 2000 in Washington, DC, where participants discussed the reconstruction efforts in the wake of Hurricane Mitch, which hit Central America in October 1998.

At the upcoming meeting, Nicaraguan government officials will discuss the progress made towards meeting the goals of their Enhanced Strategy for Economic Growth and Poverty Reduction. They will also outline a National Development Plan and the financing that would be required for its implementation.

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