With reference to India's Quick Impact Projects (QIPs) and the recent agreement with Nicaragua, consider the following statements: 1. QIPs are large-scale infrastructure projects typically funded through long-term Lines of Credit (LoCs). 2. The Development Partnership Administration (DPA) under the Ministry of External Affairs is responsible for implementing India's foreign grant assistance. 3. India's embassy in Panama is concurrently accredited to handle relations with Nicaragua. Which of the statements given above is/are correct?

Question

Accepted Answer

2 and 3 only — Statement 1 is incorrect because QIPs are small-scale, rapid-execution grant projects, not large-scale projects funded by Lines of Credit. Statement 2 is correct as the DPA (established in 2012) manages these grants. Statement 3 is correct as the Indian Ambassador to Panama is concurrently accredited to Nicaragua.

India-Nicaragua Agreement on Quick Impact Projects

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