India and Nicaragua signed an umbrella agreement to implement Quick Impact Projects (QIPs) aimed at socio-economic development. The agreement was signed by Indian Ambassador Sumit Seth and Nicaragua's Foreign Minister Valdrack Jaentschke in Managua. The projects will focus on key areas such as physical infrastructure (roads, community centers) and social infrastructure (education, healthcare, sanitation). The Government of India will provide grant assistance for each project, ensuring immediate and visible benefits for the people of Nicaragua.