♦ India and Nicaragua signed an umbrella agreement to implement Quick Impact Projects (QIPs) on 12 December 2024.

♦ The agreement was signed by Indian Ambassador to Panama, Nicaragua, and Costa Rica, Sumit Seth, and Nicaragua’s Foreign Minister, Valdrack Jaentschke, in the capital city of Managua.

♦ The MoU aims to deliver tangible benefits to local communities in Nicaragua by focusing on key areas such as physical infrastructure—roads and community centers—as well as social infrastructure, including education, healthcare, and sanitation.

♦ The Government of India will provide grant assistance for each QIP under this framework, ensuring immediate and visible improvements for the people of Nicaragua.

♦ The relations between India and Nicaragua have remained warm and cooperative since the establishment of diplomatic ties in March 1983.

♦ While India’s Embassy in Panama is concurrently accredited to Nicaragua, Nicaragua’s Embassy in Tokyo is concurrently accredited to India.