Nicaraguan Private Sector Expecting ‘Continuity’ from Government

The private sector hopes to continue working 'closely' with the Government, maintaining the current 'close relationship'.

Wednesday, November 9, 2011

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.

"Meanwhile, Manuel Alvarez, the president of the Union of Agricultural Producers of Nicaragua (UPANIC), said the expectation they have is that economic policy will remain the same as it was previously.

"We hope to continue to maintain a stable macroeconomic policy in the country and that the agricultural sector will benefit from sensible policies to increase production and exports," said the leader in agriculture', reported Elnuevodiario.com.ni.

More on this topic

Businesses Optimistic About Ortega’s 2nd Term

January 2012

Private sector leaders expect that the Sandinista government will maintain reasonable macroeconomic policies, agreements with the IMF, and continue to dialogue with businesses.

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 Love Affair Between Government and Business in Nicaragua

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.

Change of Chairman at Central Bank of Nicaragua

February 2012

A week after Antenor Rosales declared that international reserves "are not to be managed according to someone’s whims and preferences", he has been dismissed by President Ortega.

Alberto Guevara, hitherto the Minister of Finance, is the new Chairman of the Board of the Central Bank of Nicaragua. Guevara said that the economic policy of Daniel Ortega’s government will not change.

Praise for Ortega's Economic Policy

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.

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