Indian Ambassador to Panama, Nicaragua, Costa Rica, Sumit Seth, and the Foreign Minister of Nicaragua, Valdrack Jaentschke signed an umbrella agreement to implement Quick Impact Projects, a statement from Indian embassy said.
As per the statement, India and Nicaragua on Tuesday signed an MoU aimed at socio-economic development through the implementation of Quick Impact Projects (QIPs).
The embassy, in posts on X, said: “To add another dimension to the relationship, Ambassador and the Foreign Minister of Nicaragua, Valdrack Jaentschke signed an umbrella agreement to implement Quick Impact Projects”.
“Under this umbrella MoU, the Government of India (GoI) will provide grant assistance for each Quick Impact Project. The focus will be on key areas such as physical infrastructure, including roads and community centers and social infrastructure, such as education, healthcare, sanitation,” read another post.
“The projects are designed to yield immediate and visible benefits for the people of Nicaragua. Implementation of these quick impactful projects will underscore India’s active role in supporting global development through partnerships that directly benefit local communities,” the embassy said on X.
In the statement, the Indian embassy said that the agreement, signed in Managua, adds another dimension to the growing bilateral cooperation and delivers tangible benefits to the people.
Relations between India and Nicaragua are warm and friendly. Diplomatic relations between the two were established in March 1983.
The Indian Embassy in Panama is concurrently accredited to Nicaragua. Nicaragua earlier had an Embassy in India, which was closed in 1990. Currently, Nicaragua’s Embassy in Tokyo is concurrently accredited to India.
With inputs from ANI.
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India, Nicaragua sign pacts to implement Quick Impact Projects for socio-economic progress
