Nicaraguan 2010 Economy May Spike
Managua - The Nicaraguan economy may reach a
period of prosperity next year, experts
predicted.
In spite of current obstacles of the world
crisis, 2010 should be a prosperous period
for the agricultural-export sector,
estimated economist Francisco Mayorga.
This may be due to investments of the state
and private sector in cattle breeding and
agricultural product exports, he explains.
He further explained that there should be a
price rise in beef due to escalating world
consumption beyond existing quantities.
Other exports such as coffee, meat and milk
products are going through an increasing
spiral while there is a reduction in costs
of agricultural materials, machinery and
other equipment.
A good year can only be achieved with
positive investment in agricultural
production, analysts like economist Adolfo
Acevedo consider.
In spite of difficulties facing the
government of President Daniel Ortega to
approve programs in the National Assembly,
efforts are made to aid small and medium
size producers to have access to loans to
develop their businesses.
According to Mayorga and other local
economists, the Achilles heel of the country
is in the low productivity per hectare,
occupying the last place as compared to
other nations of the region.
For example, Mayorga explained, Nicaragua
registers a production equivalent to 800
dollars while Cost Rica reaches 3,200.
With an increased productivity in 15 years
the country could demonstrate a seven
percent yearly growth and it could equal San
Jose.
On the other hand, remittances to Nicaragua
continue to fall in relation to the same
period in 2008 when 807 million dollars were
reached. To date there is an estimated
reduction of 32 million dollars. |
