Nicaragua first entered into the World Bank when it signed the IBRD Articles of Agreement in 1946 along with other Latin American countries such as El Salvador and Panama.
[1] The goal of the Highway Project was to finance the construction of 266 kilometers of paved roads in order to facilitate the economic growth of Nicaragua.
[3][circular reference] After the Nicaraguan Revolution, Nicaragua signed the MIGA Articles of Agreement in 1992 making it the 81st member of this group within the World Bank.
[4] The World Bank continues to operate in Nicaragua and notes that political unrest in 2018 has caused the economy to contract 3.8 percent prompting concerns that recent efforts to combat poverty levels will be undermined.
Another main component of this project is to make resources available to the Nicaraguan government in the case of a crisis or emergency that warrants the use of the provided funds.