The Central Bank of Nicaragua (BCN) has published the Official External Cooperation Report for 2022, which has decreased by more than 34% and almost 90% by loan, that is, it comes to debt.
BCN said that “the flow of this cooperation was 958.3 million dollars, of which 75.5 percent corresponded to cooperation in the public sector (US$723.1 million) and 24.5 percent to private cooperation (US$235.2 million).
The negative reason is that in 2022, official foreign cooperation will decrease by 34.3 percent (-US$500.0 million) compared to 2021 (US$ 1,458.3 million), and this BCN places due to a decrease of 42.0 percent (-US$523.9 million hundred thousand) in official cooperation to the public sector, an increase of 11.3 percent in cooperation to the private sector (+US$24.0 million).
They also show that 74.3 percent of official foreign cooperation came from multilateral sources (US$711.8 million) and 25.7 percent from bilateral sources (US$246.5 million).
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Therefore, when comparing the figures with those of 2021, it is notable that multilateral cooperation has decreased by 45.7 percent (-US$599.4 million), while bilateral cooperation has increased by 676 percent (+US$99.4 million).
In terms of resources, 89.8 percent correspond to loans (US$860.6 million) and 10.2 percent to grants (US$97.7 million). Compared to 2021, loan disbursements decreased by 35.7 percent (-US$ 476.8 million) and grants decreased by 19.2 percent (-US$ 23.2 million).
CABEI leads loans
The Central Bank of Nicaragua also announced that the main sources of cooperation came from the American Central Bank for Economic Integration, CABEI (US$472.4 million), the Netherlands (US$120.5 million), the IDB (US$82.1 million), the World Bank (US$62.1 million, Germany (US$47.3 million), the United States of America (US$28.8 million) and the European Union (US$23.8 million).
As for the sectors that have received these resources from official foreign cooperation, they retain that 35.5% for electricity, gas and water (US$ 340.5 million), while 27.5% for the construction sector (US$ 263.4 million), 16.2 percent. to social services, health and education (US$15.3 million), 5.7 percent to the financial sector (US$54.9 million), 5.3 percent to public administration (US$51.1 million), 2.9 percent to the manufacturing industry (US$27.9 million hundred thousand), and 2.4 percent to agriculture, livestock, timber and fishing (US$22.9 million).