CABEI supports the generation and protection of more than 113,000 Nicaraguan jobs in the last two years
Bank-supported programs and projects provide greater job opportunities and contribute to the country's socioeconomic development.
Managua, August 22st, 2023.- The support of the Central American Bank for Economic Integration (CABEI) for development and social benefit projects in Nicaragua has not only improved the quality of life of thousands of Nicaraguans with access to various sectors such as electricity, health, clean water and modernized road infrastructure, but also between 2020 and 2023, it has approved and executed initiatives with which it expects to generate and/or preserve 113,442 jobs throughout the country.
These jobs are in key areas of the economy, such as construction, health, agriculture, tourism, among others, as well as in micro, small and medium-sized enterprises (MSMEs), which benefit from access to resources that allow them to protect their businesses and generate productive linkages.
The initiatives have a positive impact on employment, both direct and indirect, for example, with the National Housing Construction Program, the creation of more than 93,300 jobs is projected, and with the Multisectoral Program for Economic Reactivation and Social Protection (NIC-Solidaria), the creation and/or preservation of more than 12,235 jobs is expected, as it contemplates investments in sectors such as education, health, housing and road infrastructure, agriculture and rural development, fisheries and climate change, MSMEs, among others.
In addition, a special effort has been made to strategically benefit 3,596 MSMEs with the Financial Sector Support Facility Program, which, since 2020, has protected 47,649 jobs in Nicaragua.
CABEI in Nicaragua is currently executing a total of 24 public sector projects and supports 8 global credit lines as part of its financial intermediation efforts to contribute to the country's economic, social and environmental well-being.