Workshop on Formulation and Socioeconomic Evaluation of Public Investment Projects with the incorporation of elements of Disaster Risk Reduction (DRR) and Sustainable and Inclusive Adaptation of Climate Change (ASICC)

The inauguration of the event was attended by the Executive Secretary of SECOSEFIN, Mr. Alfredo Ibrahim Flores Sarria, who mentioned the importance of public investment as a factor that helps explain economic growth, and in this sense, the relevance it has the state not only as a corrector of market failures but also responsible for public investment that allows increasing productivity and maximizing the social well-being of those who have less, concentrating on highly socioeconomically profitable projects.

For his part, the General Director of Public Investment of the MHCP of Nicaragua, Mr. Mauricio Javier Gallo Delgado, thanked the effort of the RIDASICC project to promote and sponsor spaces that allow improving the institutional work mandated to them and that enables greater efficiency in the use of resources, likewise recognized the hard work that has been developed with the RIDASICC project to identify the requirements and elements for improvement on which progress is required to promote growth through public investment in Nicaragua, being one of them the strengthening of the technical capacities of the officials involved in the investment process through training actions, since the effects that different events have left on the infrastructure and the provision of goods and services have become visible This is why it is important to incorporate elements of disaster risk and climate change in the preparation of public investment projects since, to the extent that there is a more resilient and sustainable infrastructure, there will be a greater positive impact on the quality of life of the population.

The Head of the Agricultural Development and Climate Change Unit of ECLAC’s Subregional Headquarters in Mexico, who is the Coordinator of the project, Ms. Julie Lennox, highlighted the importance of joint collaboration, since the accumulation of experiences and knowledge in the process of public investment by the officials in the sectoral institutions and those responsible for the SNIPs, are essential for strengthening processes that seek to improve the incorporation of measures to reduce disaster risk and for inclusive adaptation and sustainable in the face of climate change. The aim pursued is that the public infrastructure in Nicaragua provides essential goods and services for the population continuously and with quality, and that the costs involved in the rehabilitation and/or reconstruction of the infrastructure are reduced without these measures. She thanked the officials for this joint work, since the RIDASICC project recognizes the challenges they face to perform their daily duties.

In this way, based on the experience and knowledge of project formulators and evaluators of the Nicaraguan public sector and with the collaboration of the technical team of the RIDASICC Project, it is expected to contribute to strengthening their capacities for the practical integration of DRR-ASICC in the process of identification, formulation and evaluation of investment projects.

Likewise, sessions were held to identify potential Pilot Projects that will be strengthened in the coming months in a training process with a “learning-by-doing” approach and with practical support for the national teams responsible for their formulation to better integrate DRR elements. -ASICC and thus reduce the risk of interrupting basic services required by the population of Nicaragua.

About RIDASICC

ECLAC and the Executive Secretariat of the Council of Treasury or Finance Ministers of Central America, Panama and the Dominican Republic (SECOSEFIN) with the close participation of the seven Treasury or Finance Ministries and three Planning Ministries or Secretariats responsible for the National Investment Systems Public (SNIP) of the member countries of COSEFIN/SICA implement the RIDASICC project with financing from COSUDE.

Focused on capacity building, the RIDASICC project has interconnected training components with a “learning-by-doing” approach, strengthening of methodological guides, generation of tools, pilot projects and strengthening of geographic information systems required for the formulation and evaluation of projects. of public investment.

The project combines actions at the national level focused on strengthening the capacities of the SNIPs, including dependencies and entities of the prioritized sectors and specialized institutions, with actions at the regional level to strengthen the capacities of SICA instances, including COSEFIN, the Sectoral Council of Ministers of Transportation of Central America of the Secretariat for Central American Economic Integration (COMITRAN/SIECA), the Coordination Center for the Prevention of Disasters in Central America and the Dominican Republic (CEPREDENAC), the Regional Committee for Hydraulic Resources (CRRH) and the Secretariat General of SICA.