This week’s Timber/Coconut Discovery Tour guests had the chance to be present here in San Juan Del Sur to see the ground-breaking work on our new Precious Timber plantation office and furniture showroom.
Businesses Invest in Water
María Silva – Del Sur News – 18 Feb. 2016
The first meeting of the year of the #72 Water Basin Committee was held on February 8th, 2016. Eng. TFabiola Padilla of the Environmental Unit of the Government of the Municipality of San Juan del Sur and business owners renewed their cooperation agreement signed in a public-private joint venture to develop the project; Protection, Conservation and Sustainable Use of Water Resources in the Sub Basin of the Río San Juan del Sur (where the estuary is located) by producers (farmers) and users in the Municipality of San Juan del Sur. This is under the master plan; Integrated Management of Water Resources which is being implemented with the assistance of the German Development Cooperation (GIZ).
Mario Rocha stated: “The businesses; Forestal Boca de la Montaña, Precious Timber, Finca Las Victorias, Club Rotario, Restaurante El Timón as well as the Government of the Municipality of San Juan del Sur, GIZ and some small and medium businesses in SJdS signed a renewable cooperation agreement last year and contributed the amount of US $27,589.
Read the rest of the story by clicking here.
Strong and sustained growth of the construction sector in recent years has been possible under the government of President Daniel Ortega.
Strong and sustained growth of the construction sector in recent years has been possible under the government of President Daniel Ortega. The construction industry in Nicaragua grew by 18 percent last year and is expected to grow 17 percent this year, the president of the Chamber of Construction Rodrigo Pereira said on Sunday. Strong and sustained growth of the construction sector in recent years has also been the engine of hardware store business growth in the country and major suppliers of materials and equipment to construction companies, all under the government of President Daniel Ortega. For the whole story click here.
Standard & Poor’s rates Nicaragua with B+
- Friday, February 12, 2016
The Republic of Nicaragua has low per capita income, monetary policy rigidities, and vulnerability to external shocks. Nicaragua also has low general government debt and debt-service burdens, and political stability.
We are assigning ‘B+’ long-term and ‘B’ short-term local and foreign currency sovereign credit ratings to Nicaragua.
The outlook is stable, reflecting our expectation that Nicaragua will maintain a favorable debt profile due to moderate fiscal deficits, good access to official funding on concessional terms, and steady GDP growth above 4%.
On Feb. 11, 2016, Standard & Poor’s Ratings Services assigned its ‘B+’ long-term local and foreign currency sovereign credit ratings to the Republic of Nicaragua. The outlook on the long-term ratings is stable. We also assigned ‘B’ short-term local and foreign currency sovereign credit ratings.
We also assigned a transfer and convertibility (T&C) assessment of ‘BB-‘ to Nicaragua.
Nicaragua’s low per capita income, monetary policy rigidities, and vulnerability to external shocks constrain the ratings. The low general government debt and debt-service burdens, and the country’s political stability support the ratings.