Nicaragua Receives $900 million in FDI in 2011

Javier Chamorro, Executive Director of the State Agency for Investment Promotion Nicaragua (ProNicaragua) told the media that the initial projections were for $1,039 million, adding that the $900 million collected this year was "close to the original goal."

"The Central Bank of Nicaragua (BCN) reported this week that the gross domestic product (GDP) of this Central American country will grow a "minimum" of 4% in 2011, with inflation not exceeding 8.5%", reported EFE.

Source: EFE Agency

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Nicaragua Expects $ 1,039 Million in FDI

January 2011

The government hopes to capture this year $ 1,039 million in foreign direct investment (FDI).

The projections for this year are an increase of 107% compared to what was captured in 2010 which totaled $ 500 million.

According to information from the Central Bank of Nicaragua, in 2010 the energy sector was the largest recipient of investments with 29.2%, followed by telecommunications with 28.2%, 17.5% free zones and tourism with 10.1%.

Nicaragua, a Magnet for Foreign Investment

November 2011

It is estimated that the current government will have accrued $3 billion by the end of its term, an increase of 140% compared to the previous administration.

The arrival of companies interested in investing in the country has continued, even during the election process.

Nicaragua: FDI 2010 Would Close at $ 500 Million

November 2010

ProNicaragua projects 15% growth in FDI relative to 2009.

During the first six months of the year $ 215.4 million was invested, although this is low compared to the same period in 2009, projections for the second half reversed this trend, due mainly to the start of renewable energy projects San Jacinto and Tizate Tumarín.

Nicaragua: FDI to Grow 20% in 2011

January 2011

$ 600 million investment is projected for this year, 20% higher than 2010.

Javier Chamorro, Executive Director of ProNicaragua noted that in 2010 the energy, telecommunications and free zones had the biggest growth, followed by tourism. This year projections estimate that investments will again concentrate in these sectors.