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Aid to Nicaragua: U.S. Assistance Supports Economic and Social Development

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Report Type Reports and Testimonies
Report Date Aug. 14, 1992
Report No. NSIAD-92-203
Subject
Summary:

Upon assuming office in April 1990, the democratically elected government of Nicaraguan President Chamarro confronted an economy plagued by hyperinflation, high unemployment, and dire social needs. The United States recently provided almost $500 million in economic support to help Nicaragua overcome its economic and social problems. It plans to give another $142 million in fiscal year 1992 and about $200 million annually through fiscal year 1996. This report discusses the effectiveness of and lessons learned from U.S. assistance to Nicaragua.

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