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LatinNews Daily - 30 April 2019

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In brief: Nicaragua

* The Central American isthmus federation of chambers of commerce (Fecamco) has released a new study which cites Nicaragua’s socio-political crisis as the cause for businesses throughout the region registering an average of 24% losses. While the study posits regionwide low economic growth rates and political instability as the source of financial difficulties, Nicaragua is the only country specifically noted in the report. Guatemalan daily Prensa Libre published a statement by Guy de Pierrefeu, the president of Honduras’s Tegucigalpa chamber of industry commerce, indicating that Nicaraguan companies have had to make contingency plans such as transporting their goods via ship to avoid road blockades. Pierrefeu recognises the importance of businesses coming up with these plans yet affirms that “unfortunately…the political problem must be addressed before the economic problem can be resolved completely”.