IFC International Finance Invests in COMASA to Improve Resilience of the Agricultural Sector in Nicaragua
IFC, a member of the World Bank Group, has partnered with Comercializadora de Mani, SA (COMASA), the largest peanut company in Nicaragua and leading exporter, to help preserve the competitiveness of the Central American country and protect thousands of jobs within the industry.
Nicaragua remains the poorest country in Central America, and agriculture has significantly contributed to its economic growth, accounting for 17 percent of GDP and 30 percent of exports and total employment over the past few years. A country diagnostic from the World Bank reports the sector has played an important role in poverty reduction, particularly in rural areas.
Photo courtesy of USAID’s Development Credit Authority.