Central Bank of Nicaragua
in Central America
Tuesday, February 7, 2012
Farmers are optimistic and estimate that in 2012, growth in the sector, which is Nicaragua’s main export, will be at least 8%.
Farmers are optimistic and estimate that in 2012, growth in the sector, which is Nicaragua’s main export, will be at least 8%.
Tuesday, January 17, 2012
In the past four years credit card issuance has reduced by 42.4%.
Credit restrictions applied by banks is one of the reasons for the reduction. According to Juan Carlos Arguello, president of the Association of Private Banks of Nicaragua (Asobanp), the downward trend will be maintained.
Tuesday, January 10, 2012
Inflation in December recorded a monthly variation of 1,21% and 7.95% for the year.
In 2010, according to official Central Bank of Nicaragua, inflation reached 9.23%, the highest in Central America.
Tuesday, November 29, 2011
The Nicaraguan government is studying the establishment of new fees that include an increase in generation costs and the amount of subsidies to be applied.
The high price of oil and other factors have increased the average cost of electricity generation in Nicaragua by 51%, of which only 7% has been passed on to the consumer with the remaining 44% being assumed by grants implemented by the government using ALBA funds.
Monday, November 21, 2011
The July-September quarter has proved to be the period with the lowest export growth so far in 2011.
A report by the Central Bank of Nicaragua (BCN in Spanish) notes, "that although the overall export performance continues to show good results, they are supported by high prices in international markets."
Tuesday, November 15, 2011
In the first six months of the year, a 22.3% increase in tourists’ daily spending was reported, as compared to the same period in 2010.
According to the Nicaraguan Institute of Tourism, visitors who spend most are those entering by air, with a daily average of $82.5.
Tuesday, November 1, 2011
With the exception of the financial sector, which shows a negative trend, the country's monthly index of economic activity confirms the good results, especially for the trade, industry and farming sectors.
Nicaragua's Monthly Index of Economic Activity (IMAE) for August, just published by the country's central bank (BCN in Spanish) has recorded growth of 7.6%.
Wednesday, September 28, 2011
Between January and July, Nicaraguans living abroad sent $509 million to the country, which is 9% more than in the same period in 2010.
Despite the economic crisis affecting the United States, one of the main destinations of choice for Nicaraguans seeking better opportunities, the money they send to their families in Nicaragua continues to grow.
Friday, September 9, 2011
Cumulative inflation during the first eight months of the year reached 4.64%, up from 4.2% compared to the same period last year.
A report by the Central Bank of Nicaragua reads:
Wednesday, September 7, 2011
In July the operations of the Stock Exchange reported growth of 28% compared to same month in 2010.
Estimates for the end of 2011 show a 24% increase, on the basis that between January and August transactions totaled more than $465 million.
Elnuevodiario.com.ni reported statements by Edgar Gutierrez, general manager of brokerage firm Invercasa, "The growth is partly due to excess liquidity in the economy, issues by the Central Bank of Nicaragua (BCN in Spanish), negotiations that have occurred in the secondary markets on Compensation Payment Bonds (BPI) and also more activity in repurchases. "
Wednesday, August 3, 2011
Authorities from the Central American countries will discuss with the IMF the outlook for the coming years.
Two years after the international financial crisis significantly affect the economies of Central America, the authorities of the isthmus nations are meeting to discuss progress of the fiscal and economic reforms that have been implemented.
An article in Infolatam.com reports: "regional monetary authorities and the IMF will discuss progress in rebuilding fiscal space and ensure debt sustainability, the strength of the financial, regulation and supervision systems and prudential framework, and the interaction between structural reforms and economic growth, among other issues, according to the official program.
Monday, August 1, 2011
During the first six months of the year reduction in the loan portfolio was $59 million.
Banks stricter attitudes to granting financing seem to be one of the main reasons behind the decrease in loan funding in recent months.
The reduction is striking especially at a time when the country's economic activity is vigorous, with a strengthened consumer sector explaining an important part of overall growth.
Wednesday, June 29, 2011
From 12 to July 13 Costa Rica businessmen will hold meetings with their counterparts in Nicaragua.
Costa Rica's trade mission is composed of representatives of nine food and restaurant companies.
The meeting has been organized by the Nicaraguan Chamber of Commerce and the Costa Rican Trade Promotion Office (Procomer).
Thursday, June 23, 2011
Economic recovery and resources from the Venezuelan Cooperation explain the rise in deposits.
The deposits in Nicaraguan national banks, especially those denominated in foreign currency, have shown significant increases in recent months.
Economists say the increase is due in part to improved economic conditions prevailing in the country, which have increased Nicaraguans savings and their confidence in the banking system.
Wednesday, June 15, 2011
The Canadian market has become the third most important for Nicaraguan exports.
As of June 14, exports to Canada totaled $116.3 million, behind only the United States and Venezuela.
The export sector believes that this year, 2011, foreign sales to Canada will exceed those of Venezuela.
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