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CENTRAL AMERICA |
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Nicaragua, IDB Sign Agreement To Improve
Fiscal And Social Management
MANAGUA - The Nicaraguan government
and the Inter-American Development Bank (IDB)
signed an agreement Thursday to finance the
improvement of fiscal management and the
reform of social expenses, the IDB said.
The agreement, totaling 40.5 million U.S.
dollars, aims to support a program of
reforms to improve social and fiscal
management by increasing the efficiency and
transparency of tax collection and the
expenses incurred by sustained economic
growth and poverty reduction, said IDB
Assistant Representative Rafaela Varela.
Varela added that it is the sixth operation
out of seven to aid Nicaragua in 2009.
According to the IDB, it has given 162
million dollars this year to Nicaragua for
development programs, and it expects to
gives ome 170 million dollars in 2010.
In 2008, the IDB contributed some 20 million
dollars to the first step of social and
fiscal management improvement, and it will
appropriate the third amount of 40 million
dollars to this program in 2010.
Meanwhile, Nicaragua's Treasury Minister
Alberto Guevara said that the agreement
between the Nicaraguan government and the
IDB will be submitted to the National
Assembly in the coming hours to be approved
as an urgent issue. |
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