Nicaraguan Businessmen Demand Urgent Approval of Laws

The local business community is confident of a quick approval by the Assembly of the Procurement Act.

Wednesday, September 29, 2010

After meeting with the President´s economic advisors the president of the Superior Council of Private Enterprise (COSEP), Joseph Adam Aguerri, said that now that the government has support from 52 National Assembly members, approval of a Procurement Law should be priority.

Other issues included Electronic Signature Law, the Tobacco Law and extension of the list of goods which can be tradable on the stock exchange.

Aguerri told reporters that as part of the talks with the government advisers other issues like permits for imports were discussed. Currently, businessmen need to renew their permits every time they import the same product.

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More on this topic

Business Rejects Special Procurement Regime

January 2013

State run water company ENACAL was denounced for allegedly evading bidding processes, leaving them up to the discretion of the institution's chief executive.

The guidelines for the special procurement regime, resolution 147-12 PE was published in the Official newspaper La Gaceta, on December 4, 2012, which according to the president of the Superior Council of Private Enterprise, Joseph Adam Aguerri, goes against the provisions of paragraph six, Article 3 and paragraph 5, Article 5 of Law 737 which regulates Administrative Contracting in the Public Sector.

Panama: New Regulations for Public Procurement in Force

May 2011

The reform to regulate the procurement process undertaken by the Government becomes effective from today, May 12, 2011.

Law number 22, which regulates the country’s procurement process, has been reformed and signed by President Martinelli, and will take effect from this week.

Nicaragua Initiates the Consultation Process for Proposed Contracting Law

June 2009

This week, the National Assembly began the consultation process for the new State Contracting Law.

The legislative initiative, which was presented in April of 2008, promotes greater transparency and facilitation of the bid processes of the state. highlights comments by Representative Wálmaro Gutiérrez: "This week, they will meet with the Nicaraguan Counsel of Micro-, Small-, and Medium-Sized Businesses (Conimypime) and then with the departments of Education, Transportation and Infrastructure, and Health, which bid out about 75 percent of the government’s projects."

Nicaraguans draw swords over law on government contracts

June 2008

Nicaraguan opposition legislators and the private sector organization, Cosep, are proposing a reform in the law that governs government contracts.

The proposal challenges a government plan to change the law. The opposition says the government plan will merely encourage more cronyism in the award of contracts. "What we want is a level playing field," an opposition spokesman said.

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