Nicaragua in Latin America - fastest export growth rate, most infrastructure improvement, best roads | Un enfoque diferente - Nicaragua

Submitted bytortilla onMar, 25/08/2020 - 19:09

NICARAGUA HAS THE FASTEST EXPORT GROWTH RATE IN LATIN AMERICA, MOST INFRASTRUCTURE IMPROVEMENT AND BEST ROADS IN CENTRAL AMERICA

- According to new reports by the Inter-American Development Bank (IDB) and the United Nations Economic Commission for Latin America and the Caribbean (CELAC)

Dear Stephen ,

The United Nations Economic Commission for Latin America and the Caribbean (CEPAL) has reported that Nicaragua has the fastest rate of exports growth in Latin America, at 14%, 11 percentage points higher than any other country in the region (see table 2, above). Leading products driving this growth include gold, coffee, sugar cane, beans and tobacco. See here for the full report in English.

Figure 1

Moreover, the latest report by the Inter-American Development Bank on infrastructure in Latin America and the Caribbean confirms that Nicaragua showed the highest level of average investment in infrastructure in Central America, and the second highest in Latin America (figure 1). The country also demonstrated the highest rate of improvement in infrastructure in Central America over the past decade (43%), and the 3rd highest of all countries of Latin America and the Caribbean (see figure 2).

Figure 2

Nicaragua’s roads were also in the best condition in Central America, and significantly above the average for Latin America and the Caribbean (figure 3), while reliability of electricity supply* and quality of transportation infrastructure were rated by firms as significantly above the average for Latin America and the Caribbean (see figure 4).

As a whole, Nicaragua has risen six places, from 15th to 9th out of 19 countries in the region, for quality of infrastructure, since the return of the Sandinista Government in 2007.

Figure 3

Figure 4

Furthermore, the World Bank highlighted that Nicaragua shows “Excellent” transparency in terms of its public debt - making it one of the best placed countries in Latin America -, while the International Monetary Fund confirmed the quick and effective response by the Nicaraguan Central Bank and other public institutions to the COVID-19 pandemic, ensuring the wellbeing of the most vulnerable and the liquidity of the economy.

All of this showcases the extent to which Nicaragua is committed to long-term economic development, making it a reliable partner for business, trade and investments, and the commitment of the Sandinista Government to developing the country and improving the lives of all Nicaraguans, since it returned to power in 2007, prioritising that access to transport, services and facilities which vital to the ability of the population to participate productively in the economy.