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
Mexico opens border to women and children from migrant caravanAFP - October 20, 2018
Mexican authorities on Saturday allowed dozens of women and children from the Honduran migrant caravan to pass into its territory,…
Venezuela accuses Costa Rica of ‘subordination’ to U.S.AFP - October 20, 2018
Venezuela criticized Costa Rica this week for expressing support for several countries that have asked the International Criminal Court (ICC)…
Lifeguards call for help in Costa Rica: support their work in OsaPerry Gladstone - October 20, 2018
Over the last four years, the Lifeguards of Costa Ballena have performed 240 in-water rescues, administered first aid 100 times…