Country Partnership Framework for the Republic of Nicaragua for the Period FY18-FY22
Nicaragua remains one of the poorest countries in Latin America. Making a significant dent in prevailing levels of poverty and vulnerability through faster, more inclusive, and sustained growth as well as better access to quality basic services are...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/419731521338434751/Nicaragua-Country-partnership-framework-for-the-period-FY18-FY22 http://hdl.handle.net/10986/29601 |
| Summary: | Nicaragua remains one of the poorest
countries in Latin America. Making a significant dent in
prevailing levels of poverty and vulnerability through
faster, more inclusive, and sustained growth as well as
better access to quality basic services are at the core of
the financial year 2018‐2022 Country Partnership Framework
(CPF). To achieve the required job‐creating growth faster,
the country will need to increase productivity in addition
to further improving the quality of its human and physical
capital. In addition, a growth acceleration will also
require improved access to quality basic services
underpinned by institutional capacity‐building and increased
data availability.To sustain and deepen the progress
realized under the FY13‐17 Country Partnership Strategy
(CPS) and support the government in achieving the Twin
Goals, the FY18‐22 CPF envisages support across three
pillars: (i) investing in human capital, particularly for
disadvantaged groups; (ii) enabling private sector
investment for job creation; and (iii) improving
institutions for resilience and sustainability. The CPF pays
special attention to disadvantaged groups and lagging
territories within Nicaragua that have not participated
fully in the benefits of growth. It prioritizes
interventions that target specific groups such as youth,
women, subsistence farmers, and Indigenous and
Afro‐descendant communities with a spatial focus on rural
areas in the Caribbean and Central regions where most of the
poor and extreme poor are located.The CPF builds on the
foundations laid down by the previous CPS while responding
to new challenges. The CPF will succeed the FY13‐17 CPS, and
will focus on improving access to basic services and
fostering competitiveness and productivity through
improvements to infrastructure and the investment climate.
The current CPF builds on these approaches while presenting
three main shifts with greater emphasis on: (i) private
sector‐led growth; (ii) sustainability; and (iii)
governance.The FY 18‐22 CPF is informed by the FY18 SCD and
supports implementation of the government’s emerging
National Plan for Human Development (PNDH) (Plan Nacional de
Desarollo Humano). It also reflects the GoN’s commitment to
the Sustainable Development Goals (SDGs) and its
responsibilities and priorities in the area of climate
change mitigation and adaptation.The WBG engagement supports
the GoN’s efforts to reduce poverty by accelerating economic
growth, generating employment for a large share of
Nicaraguans and improving access to quality basic services
for the most disadvantaged. |
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