Category: Nicaragua

IMF Pulling Out of Nicaragua, Says Job Done


The International Monetary Fund (IMF) announced on Wednesday that it would close its Nicaraguan office in August. In making the announcement, the group indicated that it believed its job in the Latin American country was done, and that Nicaragua was on the correct path to sustainable growth. 

Nicaragua Economy


Nicaragua, with a population of over 5 million (CIA July 2008 estimates) had a GDP growth of 2.90 % in 2007 and GDP purchasing power parity $16.17 billion.

Agriculture contributes about 16.9%, while industrial produces form 25.8% of Nicaragua national economy. Some of the major industries in Nicaragua include food processing, chemicals, machinery and metal products, textiles, clothing, petroleum refining and distribution, beverages, footwear, and wood carving.

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Categorized as Nicaragua