Managua, Nov 22 (EFE) .- The National Assembly (Parliament) of Nicaragua today approved the initiative of the Agreement Establishing the Multilateral Investment Fund III (FOMIN III), which is administered by the Inter-American Development Bank (IDB). p>
With 86 votes in favor, the Nicaraguan Parliament approved the contribution of Nicaragua to MIF III, which is stipulated in 5 million of dollars for the period 2019-2023, declared in the plenary the pro-government deputy Wálmaro Gutiérrez. p>
Fomin III allows Nicaragua to be part of the countries of Latin America and The Caribbean region receives funding for its vulnerable populations, Gutiérrez said. p>
"The challenge we have is to bring the MIF to the agricultural sector, to the units productive, to the countryside, to cooperatives, "said the official. p>
In addition, this contribution admits that the Central American country" promotes the development of the private sector, "he said. p>
Fomin finances the Biogas Program in Nicaragua with a fund of 6 million dollars and has benefited some 6,000 families in rural areas of this country. P>
Nicaragua is one of the 38 donor countries of the Multilateral Investment Fund, which has helped to invest and execute projects since its creation in the 1990s. p>
On this occasion, the MIF III contemplates a donation amount of 340 million dollars, which will work to finance projects from 2019 to 2023. p>
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