The IMF noted the positive evolution of all the country's economic indicators, and the drastic fall in poverty, with an increase of 33% in per capita consumption.
From a press release issued by the IMF:
On January 28, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Nicaragua.
Economic developments in 2015 have been broadly positive.
If Central America does not strengthen the institutions that ensure a stable legal framework and full respect for contracts, foreign investment will not come and national investment will go to other countries, no matter how many incentives and tax exemptions are offered.
EDITORIAL
The frequent displays of discontent for the Salvadoran Executive Branch in respect to rulings issued by the Constitutional Court and the inaction of the Panamanian government over blockades by a group of people are holding not only over the hydroelectric project Barro Blanco, but also the main access roads, are appalling signals sent from the region to the world, casting doubt on those companies who consider the region to be a potential investment destination.
When you look at Nicaragua without prejudice and without political bias, you can see a country which unlike before, offers good opportunities for investment.
EDITORIAL
Central America Viewed from Within
When you look at Nicaragua without prejudice and without political bias, you can see a country that offers good opportunities for investment.
And who better to do that exercise than a businessman linked to actual production.
At the end of June the credit portfolio of the banking system recorded an increase of 21.5%, with loans to the commercial sector, personal and industry seeing the most demand.
Despite being the smallest national bank in the Central America, it is the one that has reported the highest growth in its loan portfolio during 2014, growing by 21.55% at the end of the first half of 2014.
Arguing that the economy has benefited, the private sector will pursue and strengthen its model of negotiations with the government.
This was the message given by the Superior Council of Private Enterprise (Cosep) during the celebration of National Entrepreneurs Day. According to the Cosep, this strategy has resulted in positive economic growth in Nicaragua.
Leading Nicaraguan entrepreneurs continue to support the model of economic negotiation with the government.
"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."
The modern day Ortega believes in - and-practices - monetary stability, in that you can not distribute wealth without creating it, and that national and foreign entrepreneurs are vital for producing it.
In his analysis published in Laprensa.com.ni, Humberto Belli Pereira points out the cost for Nicaragua of the ideology with which Ortega and his associates in the Sandinista National Liberation Front (FSNL) intended to govern.
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.
With the exception of the financial sector, which shows a negative trend, the country's monthly index of economic activity confirms the good results, especially for the trade, industry and farming sectors.
Nicaragua's Monthly Index of Economic Activity (IMAE) for August, just published by the country's central bank (BCN in Spanish) has recorded growth of 7.6%.
The Nicaraguan Foundation for Economic and Social Development (FUNIDES) has presented its third report on economic conditions in 2011.
The report shows that although the country has shown steady growth of the economy, there are also challenges to achieve greater productivity and poverty reduction.
Ruben Dario’s country, shows a panorama - unsuspected only a few years ago - of the successful relationship between the government’s policies and business goals.
A report by Pastrán details how activities and discussions by businesses and government representatives, are in agreement ensuring stability and economic growth for years to come.
"Private entrepreneurs and representatives of large capital today have became the best managers in the Nicaraguan government in the face of potential new foreign investors, offering a country full of opportunities ... A forum organized by the government investment agency that promotes investment, Pro Nicaragua, and the Council for Senior Private Enterprise, COSEP, reflected another country, rife with consensus and enthusiasm for the Nicaraguan government’s economic policies, while the political opposition and social agencies reported the establishment of a dictatorship and claim alleged fraud in the November 6 elections ... The government of Nicaragua said today to a group of potential foreign investors that the country has sufficient economic stability and will continue in the program with the International Monetary Fund beyond 2012 ... Presidential adviser for economic affairs , Bayardo Arce Castaño, noted that economic growth has been achieved because all the operators of any size and any color are supported and that you must keep in mind that in order for growth to become a reality you have to shore up the country's macroeconomic stability...”
The financial sector remains stable in spite of the economic crisis and a slight increase in credit card delinquency.
For the end of 2009, delinquency of more than 90 days is expected to rise to 2.6% from 1.6%, said Victor Urcuyo, president of the Central American Council of Banking Superintendents.
The official also said that "... in credit cards, 30-day arrears increased 7.8%, while 90-day arrears 3.2%", reported Prensalibre.com.
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