Although the goal for this year was to issue $100 million in debt bonds, during the first quarter the Nicaraguan government only awarded $1.1 million, doubting the level of investor confidence.
According to the "Public Debt Report, First Quarter 2019", prepared by the Central Bank of Nicaragua, from January to March regarding Investment Securities in dollars, 1.03 million was issued at an average rate of 5.31% and an average term of 7 months.
The Minister of Finance in Nicaragua has signalled the need for public officials who lead the implementation of internationally funded projects to streamline processes.
Minister Ivan Acosta said in an article on Laprensa.com.ni that "... public officials and Bank staff -with the introduction of technology- can spend up to six months chatting by email about whether there is any objection to the process or not, while people are waiting for the projects. "
While other Central American countries are preparing taxes to combat insecurity, Nicaragua declares that it is not an appropriate option.
The president of Guatemala, Alvaro Colom, proposed to his peers in the isthmus region the creation of specific tax to combat organized crime and the violence it generates.
Although the proposal didn’t prosper at the meeting of the Council of Finance Ministers and Central Finance, both Costa Rica, El Salvador and Honduras are working on the implementation of a national tax for their own security plans.