LatinNews Daily - 06 April 2021

In brief: Nicaragua’s FDI continues to slide

* Nicaragua’s central bank (BCN) has released new figures which show that net foreign direct investment (FDI) to Nicaragua totalled US$182.3m in 2020, down from US$503m in 2019 and US$837m in 2018. The slide takes place amid a more general contraction in GDP which shrank 2% in 2020 – the third consecutive year of contraction after declines of 3.7% in 2019 and 3.4% in 2018 due to the political crisis stemming from the government led by President Daniel Ortega’s crackdown on its opponents, which began in April 2018. The 2020 GDP result owes to the impact of the coronavirus (Covid-19) pandemic and damage caused by hurricanes ‘Eta’ and ‘Iota’ which struck in November 2020.

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