Dr. Francisco Mayorga, former president of Central Bank and an investment consultant to some of the largest companies in Nicaragua, predicts 2.5-3 percent growth in the economy of 1994. He is quick to point out that Nicaragua has moved rapidly to establis h a market economy. Its abundant and easily available work force remembers the prosperity of the '70s and is anxious to recreate an environment that will generate a better standard of living. Indeed, Nicaraguans are rolling out the welcome mat for foreign business. Support is provided in analyzing market needs, assisting in identifying potential joint-venture partners and guiding new investors through the forms and paperwork necessary to begin doing business.
Laws designed to encourage investment and exports are some of the best in the region.
For example, they allow 100 percent foreign ownership, tax-exempt status for free zone manufacturing, full repatriation of profits and easy access to dollars. Agribusine ss, manufacturing, tourism and some high-tech industry are now successfully developing in Nicaragua. Domestic demand will require increased production of traditional crops. LatinWorld Magazine Content Is Produced By Netpoint Communications , producers of the LatinWorld Directory. All original articles and photographs published in LatinWorld Magazine are protected by international copyright law.