The Nile Story is one of immense challenges and remarkable achievements for the economic development of the region. It begins in 1999, when the ministers in charge of water affairs in the Nile countries agreed to form the Nile Basin Initiative (NBI). Between 2003 and 2015, the Nile Basin Trust Fund (NBTF) supported and coordinated cooperative work in the region, which has been delivered mainly through the NBI.
Agricultural water management is a vital practice in ensuring reduction, and environmental protection. After decades of successfully expanding irrigation and improving productivity, farmers and managers face an emerging crisis in the form of poorly performing irrigation schemes, slow modernization, declining investment, constrained water availability, and environmental degradation. More and better investments in agricultural water are needed.
Agriculture remains fundamental for Nicaragua from both a macroeconomic and social view. It is the largest sector of the Nicaraguan economy, and it remains the single biggest employer with around 30 percent of the labor force and including processed foods, like meat and sugar, agriculture accounts for around 40 percent of total exports value. Nicaragua appears to be gradually losing competitive edge of some of its key agricultural exports within the most important export markets.
The World Bank Group has a unique opportunity to match the increases in financing for agriculture with a sharper focus on improving agricultural growth and productivity in agriculture-based economies, notably in Sub-Saharan Africa.