Strengthening of Nicaragua's National Statistical System (IADB-NI-X1012)

Countries
  • Nicaragua
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 27, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Republic of Nicaragua
The holder of the loan, grant, or other investment.
Sectors
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 4.37 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 4.37
Converted using 2016-10-27 exchange rate.
Project Cost (USD)
$ 4.37 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported USD 4,369,950
Converted using 2016-10-27 exchange rate.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Apr 26, 2016


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Project Description
This Technical Cooperation aims to strengthen the capacities of the National Statistical System of Nicaragua to provide sufficient reliable and timely statistics with quality, both for the formulation, monitoring and evaluation of public policies and for the use of various national and international economic and social agents.
Investment Description
  • Inter-American Development Bank (IADB)
The total cost of this technical cooperation project is €4,386,900, of which €4,150,000 will be provided by the EU under the Framework Agreement signed by the IADB and the EU, including a 5.8% administrative fee; the equivalent of €29,400 will be provided by the IDB for financing of the project’s preparatory activities; and €207,500 will be provided by the executing agency as contingent local counterpart funds to cover possible exchange losses.
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).