SOS for Nicaragua

While officials from the IMF were announcing that Nicaragua is "among the countries at the point of going down because of high oil and food prices," the economy was feeling the consequences of another inflationary spiral, says Oliver Gómez in the Managua daily El Nuevo Diario.

Thursday, July 3, 2008

It increased electricity rates, changed the way it did its billing, and the first effects are being felt today with the new costs of the basic basket of consumer goods, he continues.
The unfortunate forecast for our country was underlined yesterday in an announcement on the official web site of the miltilateral organization, but before this it was stated by the IMF's General Director, Dominique Strauss-Kahn.
The price of electricity in Nicaragua has gone up by almost 25 percent over the past 13 months, and the effects of this are percolating through the economy.

More on this topic

Costa Rica and the Effects of an International Crisis

September 2011

A report by Aldesa analyzes the effects for Costa Rica of a potential international crisis.

According to Aldesa:

During this week the market has been permeated by an air of positivity due to expectations that European authorities will solve the problem of the debt crisis. However, if more events occur, there would still be risks for the global economy that could trigger a slowdown in the U.S. and Europe.

At the heart of the Salvadoran crisis.

August 2008

After the dollarization of the economy, the cost of living grew as expensive as in Boston, in London, or in Moscow, with the exception that chaos, violence and lack of services rein here.

The crisis in El Salvador started before the rise the price of oil and world food.
Armando Flores, director of the Consumer Defense Committee (CDC), analyzes the situation on the ground in El Salvador.

Old days were better days in Nicaragua

June 2008

You don't need to be an economist to see that in Nicaragua things were better in the past, and if we don't change direction the country will fall over a precipice, says Fernando Centeno Chiong.

In an opinion piece in the Nicaraguan newspaper La Prensa, Centeno says a recent report shows that expected economic growth this year will be about 2.5 percent.

Honduras faces food crisis

April 2008

With three million people living in extreme poverty and 29 percent of the nation's children suffering from malnutrition, rising world food prices will have a devastating effect on Honduras, the daily El Heraldo warns in an editorial.

Basic foods have to be made available at accessible prices, including subsidies for the poorest, the newspaper says, and that goal can only be achieved by a joint effort involving international organizations, the government, producers and society in general.

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