Report: Stable Economy Amid Political Turbulence
Nicaragua remains relatively stable, but a large public debt and “turbulent” politics are causing some concerns, according to a risk analysis by the England-based Economic Intelligence Unit.
The country outranks Guatemala and Honduras in overall risk, yet Nicaragua has a high level of “legal and regulatory” problems and a $37 billion external debt that “enforces reliance on concessional financing.”
The economy remains relatively strong, according to the group’s August report, with the banking industry leading the way due to recent reforms to strengthen the sector.
Still, the report warns, “politics will remain turbulent,” citing the fact that Presidential Daniel Ortega does not command a legislative majority.
You may be interested
Our Southern Zone Deep Dive is underway!Katherine Stanley - March 26, 2019
Our editorial team is making its first trip of the year – what we hope will be the first of many –…
Safe travels in Costa Rica: aiming for the sweet spotKatherine Stanley - March 26, 2019
Traveling in Costa Rica is one of life’s great privileges, and The Tico Times has been proud to inspire, guide…
2019 Gold Cup field finalized; Costa Rica will host two matchesAlejandro Zúñiga - March 26, 2019
The field for the 2019 CONCACAF Gold Cup is set. Costa Rica, the United States, Mexico, Honduras, Panama, and Trinidad…