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Wow, More Countries are Investing in Nicaragua

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Published on: 2012/11/10

 

A surprising 55% of Nicaragua’s direct foreign investment comes from Canada, USA and Spain and with 284 new projects in the works, the country is poised to increase those numbers.

 

What he did grow foreign direct investment in 2011 are 284 new projects were able to attract, whose capital comes from 41 countries “the highest amount in history,” according to investment promotion agency ProNicaragua.

Alvaro Baltodano, presidential delegate for investment, is confident that “excellent results” obtained allow Nicaragua occupies the first place in Latin America and the Caribbean, growth in foreign investment attraction. “We’ll know when all countries to finish their numbers,” said Baltodano.

But the position is privileged because ProNicaragua, the Central Bank of Nicaragua (BCN) and the Ministry of Development, Industry and Trade (MIFIC), consolidated indicators and regional level confirm that Nicaragua was “for four consecutive year, the highest” FDI as a percentage of GDP, with 14.1 percent.

Total foreign direct investment during the period 2007-2011 was 2,917.88 million, driven mainly by the energy, telecommunications and free zones, which represented on average 70 percent of the total.

 

 

source: Wow, More Countries are Investing in Nicaragua | Tropical Daily.



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