Nicaragua: Second Phase of Land Property Organization Project

The World Bank has approved a $40 million loan to Nicaragua, which will go to projects related to the management of property rights in the country.

Tuesday, April 2, 2013

From a press release issued by the World Bank (WB):

More than 90,000 families will benefit as a result of a $40 million project approved on Tuesday by the board of the World Bank (WB). This is the second stage of the Property Ordinance Project (PRODEP II) which regulates property rights and modernizes the institutions responsible for the administration of land in Nicaragua.

The Attorney General of the Republic, Hernán Estrada, said that "the comprehensive modernization of property on public record has been one of the greatest achievements of the project in its first phase, through the development of the Integrated Cadastre and Registration Information (SIICAR) System which we will continue to push forward.''

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