The economic expectations of entrepreneurs have fallen, in particular because of the business climate, with projections for the rest of 2016 being for less private and public investment.
From the Executive summary of the II Economic Situation Report by Funides:
In the first four months of 2016 the Nicaraguan economy behaved as predicted by FUNIDES in its first Economic Situation Report, with the exception of exports, which were projected to be more vigorous than were actually recorded.
Knowing how to laugh at yourself is a virtue that every entrepreneur in Costa Rica should have, even though it might all end in tears.
This is what Alfonso Carro does in his article on Crhoy.com: laugh at himself, at the same time bringing to light the helplessness felt in light of the deteriorating conditions for investment in an economy such as Costa Rica, which was once number one in Central America.
Of the $34.095 billion in Foreign Direct Investment in Central America which arrived in the last 4 years $21.925 million left the region in the form of expenses.
The information comes from a report by the Central Institute for Fiscal Studies (ICEFI), which reveals that the most affected country is Guatemala, where outflows were 1.3 times more than income.
In Guatemala investment is between 16% and 17% of gross domestic product, in Southeast Asia, the figure is between 25% and 35%.
Elperiodico.com.gt reports that a group of experts met last week in this country to discuss how to foster Guatemala’s growth. The analysis of the issue carried out by a member of The Growth Dialogue think tank can be extrapolated to most Central American countries.
In the first half of the year the country received $199 million more than in the same period last year.
Unlike previous years, Costa Rica is not located at the top of the list of countries attracting the most foreign direct investment in Central America, but has been replaced by countries like El Salvador and Nicaragua, who years ago were at the bottom of the list.
Panama is ranked number 7 in the list of the 48 most attractive cities for investment in Latin America.
San Jose, Costa Rica is ranked 23rd, Guatemala City is 37th, Tegucigalpa is 41st, Managua is 43rd, San Salvador is 44th, and San Pedro Sula is 46th.
This is the second edition of the ranking of the most attractive cities in Latin America for investment, which is a product of joint work by the Center for Competitive Thinking Strategies (CEPEC) at the Universidad del Rosario in Colombia and the Chilean firm Business Intelligence (IdN). It identifies the cities in the Latin American region which bring together the best conditions for investment.
In order to receive more foreign investment and take advantage of the benefits introduced by DR-CAFTA, Nicaragua must improve its business climate.
This was the message conveyed by Walter Bastian, U.S. Commerce Sub secretary, who remarked that Nicaraguan exports to the U.S. have increased 37% in the four years of DR-CAFTA, going from $500 million to $1.39 billion in 2009.