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US sanctions hit Nicaragua’s social investment programmes
The Central American country’s development is being held back by politically motivated withholding of loans, writes JOHN PERRY
Since 2018 sanctions have been placed on Nicaragua to force a regime change [Elaine Faith /Creative Commons]

WHICH country spends nearly two-thirds of its budget on tackling poverty? When I met Nicaragua’s Finance Minister Ivan Acosta, he had just presented his 2024 budget to its national assembly, and he made clear that a large part of it is aimed at doing just that. 

In cash terms, Nicaragua’s government will spend about 24 per cent more in 2024 than in the current year, which includes a huge increase (43 per cent) in public-sector investment. 

Acosta explained how the country would continue its recent advances in health, education, transport, energy, water supply, housing and local government services. 

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