Business leaders are expecting continued government-business dialogue, agreements with the IMF and the continued promotion of foreign and domestic investment in President Daniel Ortega’s the second term, which began on 10th January.
The president of the Superior Council of Private Enterprise (COSEP), Joseph Adam Aguerri highlighted what it sees as Nicaragua's macroeconomic achievements, reflected by the latest statistics from the Economic Commission for Latin America (CEPAL), and attributed them to the good economic policies of Daniel Ortega’s government in the 2007-2011 period and regular consultations with employers.
To support his argument, Aguerri gave the example that in 2007 and 2008, when the government made some decisions without taking the private sector into account, the result was higher inflation, unemployment and the slowest economic growth of the entire Central American region. "When the Government finally decided to respond to the proposals of the private sector and we reached a consensus, inflation levels halted, we regained employment and achieved the highest economic growth in the region", said the business leader in the web edition of El Nuevo Diario (END).
On 21st December, in its final report, CEPAL qualified Nicaragua with a percentage growth rate in GDP, compared to 2010, of 4.5%.
Source: elnuevodiario.com.ni
More on this topic
September 2008
Businessmen from the private sector have offered several considerations for the Government's economic and social policies, during the celebration for the Entrepreneur's Day.
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June 2011
Nicaraguan businessmen say that "the economic engine is the private sector " because it "generates 93% of employment and 83% of the gross domestic product "
An article in Informe Pastrán, reported that the president of the superior council for private enterprise (COSEP), José Aguerri, made this statement during an interview with AFP.
November 2011
The private sector hopes to continue working 'closely' with the Government, maintaining the current 'close relationship'.
The re-election of Daniel Ortega has not worried the business sector, and they hope to continue working as before.
Mario Amador, representative of the Chamber of Industry, and the Superior Council of Private Enterprise (COSEP) also said they expect a consensus on the laws that are to be approved in the future.
August 2011
Ruben Dario’s country, shows a panorama - unsuspected only a few years ago - of the successful relationship between the government’s policies and business goals.
A report by Pastrán details how activities and discussions by businesses and government representatives, are in agreement ensuring stability and economic growth for years to come.
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