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Programatic Structural Adjustment Credit

Abstract*

The Programmatic Structural Adjustment Credit (PSAC) Project will support implementation of the country's Poverty Reduction Strategy Paper (PRSP), by addressing key structural obstacles to poverty reduction, and assist Nicaragua with the urgent need to strengthen its depleted international reserves position, meet the agreed macroeconomic targets, and help reduce the country's vulnerability to a possible balance of payments crisis. This PSAC gives...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

This structural adjustment credit will support the implementation of Nicaraguas poverty reduction strategy, as laid out in its poverty reduction strategy (PRSP), in a highly restrictive fiscal environment. It will selectively focus on policy and institutional reforms that seek to improve Nicaraguas private investment climate, improve the cost-effectiveness of social sector spending, and improve governance.

Key Details

Project Details

  • P074760

  • Closed

  • Ulrich Lachler

  • N/A

  • Nicaragua

  • November 8, 2002

  • (as of board presentation)

    March 13, 2003

  • June 16, 2003

  • US$ 15.00 million

  • N/A

  • Not Applicable

  • December 31, 2003

  • BANK APPROVED

  • August 16, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 15.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 15.00
IBRD + IDA Commitment 15.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 15.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Mar 13, 2003 IDA-37360 Loan Commitment 15,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT:
Outcomes
Risk to Development Outcome
Bank Performance
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 08-17-2004PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeNot RatedN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceSatisfactoryN/a
Government PerformanceSatisfactoryN/a
Implementing AgencySatisfactoryN/a
Icr QualitySatisfactoryN/a
M&e QualityNot RatedN/a

Results Framework

No data available.