Government-Business Understanding Continues in Nicaragua

Leading Nicaraguan entrepreneurs continue to support the model of economic negotiation with the government.

Thursday, September 5, 2013

"Everyone here is free to move, the press is free to speak and I think from that point of view we are living in an open society," said the businessman Carlos Pellas, president of Grupo Pellas.

Entrepreneurs like Carlos Pellas and Piero Coen agree that the "understanding with the Government has brought economic growth."

Pellas, President of Grupo Pellas said, "Do I believe there is a democracy? Well, there are elections, elections clearly determine who is the winner. So far it has been handled in that way and I think obviously Nicaraguans go out and vote and choose the winner "..."The processes are still being maintained, so I think that yes, we are living in an open country."

The statements made by the businessmen were given following the disclosure that President Daniel Ortega is to strengthen "... the negotiation model focusing on institutionalizing economic issues through a law framed by the Monitoring Committee ...", reported

Its intention is for the dialogue between businessmen and the government to remain open regardless of the government in power, focusing primarily on business. "It seems extraordinary to all of us" said the businessman referring to the decision by Ortega.

The president also asked his cabinet to attend to sectoral problems but under a scheme in which "sectoral cabinets" are created with business chambers. "Each (private) chamber should have a counterpart in the Government to meet with in order to allow greater flexibility to work with them in order to overcome the problems we are facing ..." he said.

More on this topic

Nicaragua As Seen by the Private Sector

January 2016

Poverty has declined, foreign investment has quintupled in a decade, the economy has grown more than the average in Central America and Nicaraguan businessmen are applauding it.

Carlos Pellas, one of the most successful Central American businessmen with investments in sectors relating to financial insurance, agribusiness, information technology, energy, vehicle distribution, and production and beer and spirits, did not make a statement in a merely personal capacity but rather one relating to the economy of his country, Nicaragua, when he said that "people think that things are going well, there is a lot of investment, construction has grown, it is a dynamic sector, you can tell that from one look".

Nicaragua As Seen by the IMF in March 2015

March 2015

"Nicaragua has advanced greatly in recent years consolidating its economic stability, improving macroeconomic balances and reducing vulnerabilities."

From a statement issued by the International Monetary Fund (IMF):

Mr. Min Zhu, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement at the conclusion of his visit to Nicaragua today:

Nicaraguan Private Sector Expecting ‘Continuity’ from Government

November 2011

The private sector hopes to continue working 'closely' with the Government, maintaining the current 'close relationship'.

The re-election of Daniel Ortega has not worried the business sector, and they hope to continue working as before.

Mario Amador, representative of the Chamber of Industry, and the Superior Council of Private Enterprise (COSEP) also said they expect a consensus on the laws that are to be approved in the future.

Business Forum Starts in Nicaragua

August 2011

Organized by ProNicaragua and the Superior Council of Private Enterprise (COSEP) the event "Nicaragua Growing Together" aims to attract investments in all sectors of the Nicaraguan economy.

The investment forum aims to gather together business owners and executives in the country to talk to a visiting group of investors about the business benefits on offer.