50 Nicaraguan highschool students received scholarships through the CABEI Social Support Foundation program
The Bicentennial Scholarship Program plans to support a total of 250 low-income young people with academic excellence so that they can complete their highschool education.
Managua, June 27th, 2023. - Contributing to the strengthening of the education sector in Nicaragua, and as part of the efforts of its Social Support Foundation (FAS), this Tuesday the Central American Bank for Economic Integration (CABEI) awarded the first "Bicentennial Scholarships" to 50 high school students, who will receive an economic subsidy during the next five years of their studies.
In a commemorative activity at the CABEI office in Managua, the efforts, performance, and achievements of low-income students with academic excellence who were selected by a team from the Nicaraguan Ministry of Education, and who belong to public schools in the departments of Madriz, Nueva Segovia, Matagalpa, Managua and Masaya, were recognized.
The total number of scholarships to be granted over a five-year period is up to 250, totaling fifty students per year, who will receive an economic subsidy to cover the costs of educational activities and tools, such as electronic devices, connectivity, uniforms, food, among others. For this purpose, CABEI, through the FAS, allocated a Non-Reimbursable Financial Cooperation of up to US$625,000.00.
More support to the education sector
The Bicentennial Scholarships are in addition to various education initiatives that CABEI supports in Nicaragua, such as the educational component of the Multisectoral Program for Economic Reactivation and Social Protection (NIC-Solidaria), which includes infrastructure works in 14 schools in the country, benefiting more than 5,860 Nicaraguans, and has supported the permanence in the classroom and nutrition of 1.2 million students with the delivery of school snacks.
In previous years, contributing to educational quality through mobile digital classrooms, CABEI made a donation of US$1 million for the acquisition of 1,050 tablets, 10 digital blackboards, 75 computers for teachers and school administration in Managua and Rivas. In addition, in 15 secondary schools in Managua and 10 in Rivas, the infrastructure and social network were improved with filtered and secure content in the schools' adminstration and perimeter, to guarantee healthy connectivity.
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