Caribbean & Central America - March 2015 (ISSN 1741-4458)

Investment: Nicaragua hopes to attract US$1.6bn in investment in 2015, according to Javier Chamorro, the executive-director of PRONicaragua, the official export and investment agency. Such a figure would be a 10% increase on 2014, when Nicaragua received US$1.5bn. Growth in the agricultural sector, the renewable energy industry and tourism is helping to attract increasing amounts of capital to the Central American country. “There are countless companies that are developing these projects and we are getting more projects,” Chamorro said. “Right now we are working with two companies developing new projects in the country.” Investments in the production of cocoa, palm oil and textile manufacturing are expected to be announced soon.

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