United States Cuts $64 Million in Aid to Nicaragua

©image: Alex Steffler

The board of directors of the Millennium Challenge Fund (CRM) unanimously resolved to reduce the aid to Nicaragua by $64 million (of a total of $175 million). These funds had been frozen since November 2008 after questioning involving municipal commissions.

The press release from CRM stated that the organization is committed to helping to reduce the poverty in Nicaragua communities through economic growth. To which end, they will continue projects to aid small and medium agro-businesses and they will complete the construction of three highways in the areas of León y Chinandega.

Source: Cuenta Reto Milenio

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