Date Time Nicaragua to Receive Emergency Funding Following Devastation Left by Eta and Iota WASHINGTON, D.C., January 22, 2021 -The World Bank Board of Directors approved today a $80 million credit to support Nicaragua’s emergency response and recovery needs after the devastation caused by hurricanes Eta and Iota. The Nicaragua Hurricanes Eta and Iota Emergency Response Project will help the country’s disaster-relief response and restoration of services and economic activities in critical sectors in the most affeced communities. The Project will prioritize the country’s efforts in the Caribbean Coast Autonomous Regions which were impacted by the compound effects of the two hurricanes. The Autonomous Regions have the highest incidence of extreme poverty in the country, making their population-which includes a large number of indigenous people and Afro-descendants-especially vulnerable to external shocks. The Project will also finance the rehabilitation and resilient reconstruction of prioritized public and community infrastructure and housing.