The Nicaraguan economy, devastated during the 1980s by economic mismanagement and civil war, is beginning to rebound. Economic growth rose sharply in 1995-97, due to surges in exports and efforts to enhance trade liberalization. IMF approval of the ESAF cleared the way for debt relief by the Paris Club later that year and has opened the way for debt relief under the Highly Indebted Poor Countries Initiative. Implementation of a 1997 property accord designed to resolve conflict over properties confiscated by the Sandinistas in the 1980s should also help inspire international investor confidence. Strong growth is forecast for 1998, with implementation of a 1997 free trade agreement with Mexico expected to boost agricultural exports, although the industrial sector may come under pressure from increased Mexican competition.
All information is subject to change at any time.
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