Nicaragua: An Act to Encourage Private Investment

The bill submitted by the Executive aims to increase legal certainty and transparency of processes through improved tender mechanisms.

Monday, September 26, 2016

The Executive presented a bill for public and private investment classified as urgent, only days after the US Congress passed a law which puts conditions on loans from international institutions to the government of Daniel Ortega.

From a statement from the National Assembly of Nicaragua:

The First Secretary of the National Assembly, Deputy Alba Palacios received on September 23, through the Minister of Finance and Public Credit, the Initiative of a Law on Public and Private Investment, Considered Urgent, submitted by the Executive Branch.

This proposal for a legal framework seeks to streamline and make more competitive the country's economy by improving road infrastructure, goods and services, said Minister Acosta.

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