Nicaragua: A steady, admirable regional economic growth
OCT 26, 2016
Since his early days in office (2007), President Daniel Ortega and his government began elaborating a National Plan of Human Development with a clear goal to reduce inequality by increasing the fight against poverty, cutting irrelevant expenditures and increase investment in social sectors and rural infrastructure.
In the mean time international organizations such as the World Bank and FAO have provided expertise and assistance through their technical cooperation programs including the International Association of Development (AIF) in order to help alleviate the most vulnerable rural – farming families and improve the state of public works and infrastructure throughout Nicaragua.
Despite of an overwhelming global economic turmoil, the government of President Daniel Ortega has been highly praised by competent international actors for maintaining an economic growth that is beyond average in Latin America and the Caribbean. Managua, regardless of its leftist government, has implemented admirable macroeconomic policies, combined with a growing international presence of Nicaragua’s exported products and an ever growing attraction of Foreign Direct Investment. These long term actions have helped the Central American nation to appropriately handle the economic turbulences of 2008-2009 and make the most out of the spiking food and oil prices.