Why in the News?

Indian and Nicaragua has signed an umbrella agreement on Quick Impact Projects (QIPs).
- The agreement aims at socio-economic development by implementing QIPs in Nicaragua, which will directly benefit local communities.

About Nicaragua: Quick Facts

Nicaragua is located in Central America, bordered by Honduras to the north, Costa Rica to the south, the Pacific Ocean to the west, and the Caribbean Sea to the east.
The capital of Nicaragua is Managua; official language spoken in Nicaragua is Spanish; currency is the Nicaraguan córdoba (NIO).
Nicaragua operates as a unitary presidential republic.
The country’s economy is primarily based on agriculture, including coffee, bananas, and sugar, along with manufacturing and mining.

Nicaragua’s topography is predominantly mountainous in the interior, with lowland plains along its Pacific and Caribbean coasts.
The country is home to over 20 volcanoes, with active ones such as Masaya and San Cristóbal.
The largest lake in Nicaragua is Lake Cocibolca, also known as Lake Nicaragua, which is one of the largest lakes in Latin America.
Nicaragua is also known for its significant rivers, including the San Juan River, which flows into the Caribbean Sea, and the Río Coco, the longest river in Central America.

Diplomatic relations were established in March 1983, and the Indian Embassy in Panama is concurrently accredited to Nicaragua.
Nicaragua’s embassy in India was closed in 1990, and currently, Nicaragua is represented in India through its Embassy in Tokyo.

QIPs are initiatives designed to deliver rapid and visible benefits to local communities, especially in areas with critical infrastructure and social development needs.
These projects are often implemented in a short time frame.
They are focused on addressing urgent and immediate issues that can have a significant positive impact on the community.
The term is commonly used by organizations like the UNHCR to describe such initiatives in crisis or displacement situations.
Examples of QIPs may include:
- Building roads in remote areas to improve connectivity.
- Establishing community centers that serve as hubs for local services.
- Improving healthcare facilities with basic medical equipment and services.
- Upgrading educational infrastructure by building schools or providing learning materials.