Development consensus urgently needed in Nicaragua

Democracy, education, jobs and public safety, as well as poverty, social inequality are some of the main challenges facing Nicaragua.

Friday, September 5, 2008


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Government representatives such as the president of the Central Bank of Nicaragua (BCN), Antenor Rosales, admitted that the "absence of a true national model adopted by a wide cross-section of the Nicaraguan society, the inadequate results from models applied in the history of our country, demonstrate the urgent need for the adoption of a consensus model to eradicate poverty and reduce inequalities."
He pointed out that between 2002 and 2006 the economy of Nicaragua grew at an average of 3.2 % per year. Nicaragua ended 2007 with a per capita income of $1,023. In the United States this is at $45,000.

More on this topic

The Failure of Government Social Spending

January 2012

Poverty in Costa Rica has not fallen below 20% in two decades, confirming the validity of the adage "instead of giving fish, teach people to fish."

The liberal idea that instead of supporting the poor with large and ineffective welfare programs, it is better to give them the means to improve their lives themselves, remains in force, and a good example of the ineffectiveness of the welfarism practiced by the traditional political class is the "bloated welfare state" of Costa Rica, argues Juan Carlos Hidalgo, project coordinator for Latin America at the Cato Institute.

The Country which Fell Asleep

December 2010

Costa Rica fell asleep at the wheel, and is now the Latin American country where poverty increased the most between 2008 and 2009.

While in most Latin American countries poverty rates fall, Costa Rica shares with Mexico and Ecuador the dubious privilege of seeing an increase.

IDB Finances Program for Poor Children in Nicaragua

December 2009

Loans totaling $15 Million will support startup of program to deliver services to urban children below age six

The Inter-American Development Bank has granted Nicaragua two loans of $7.5 million each to finance a social welfare program for children under six years of age who live in extreme poverty in the nation’s cities.

CABEI Provides $ 8 Million to Nicaragua

March 2011

The project by the Central American Bank for Economic Integration will assist in improving living conditions of low-income families located in rural areas.

To improve the living conditions of people in rural areas of Nicaragua, the Central American Bank for Economic Integration (BCIE), approved $ 8 million supporting the Integration of Small Producers to Value Chains and Market Access Program (PROCAVAL).

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Caribbean Central American Action

Caribbean-Central American Action (CCAA) is a private, independent organization that promotes private sector-led economic development in the Caribbean Basin and throughout the Hemisphere.
Operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador, Costa Rica and Caribbean Community
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