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Nicaragua to improve productivity with IDB support
Published on May 31, 2014 Email To Friend    Print Version

WASHINGTON, USA -- The Inter-American Development Bank (IDB) has approved $45 million loan to help improve productivity in Nicaragua.

Boosting productivity is key to increasing living standards and reducing poverty in the country. Nicaragua’s economic structure is based on small, low-productivity companies: micro, small, and medium sized enterprises represent more than 90 percent of the business universe, contribute close to 40 percent of GDP, and generate approximately 60 percent of jobs. The agricultural sector plays a leading role in the economy, representing 22 percent of GDP, 60 percent of jobs, and 75 percent of exports.

The resources will assist the country in maintaining a stable macroeconomic environment and strengthening financial regulation to improve access to finance for companies and production-oriented projects. Moreover, they will contribute to improve regulation to enhance business and competition climates, and strengthen institutions for productive development.
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