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Latin America & Caribbean
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Lower middle income
|
-
5,822,265 (2011)
-
1,080
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Below are select highlights for the data included in the profile.
- Nicaragua is ranked 117th out of 183 economies in Doing Business 2011, recording a slight improvement from last year. The most significant improvement was recorded in the Trading Across Borders indicator, where the country jumped 25 spots by migrating to a new electronic data interchange system for customs, setting up a physical one-stop shop for exports and investing in new equipment at the port of Corinto.
- According to the latest Enterprise Surveys (2006), Political Instability, Access to Finance and Electricity are the top constraints to investment in Nicaragua.
- Nicaragua’s economic freedom score is 58.8, making its economy the 98th freest out of 183 countries in the 2011 Index. Its score is 0.5 point better than last year, with gains in trade freedom, monetary freedom, and government spending offsetting a decline in property rights. Nicaragua is ranked 19th out of 29 countries in the South and Central America/Caribbean region, and its overall score is below the world average. Nicaragua’s trade liberalization has continued, although non-tariff barriers remain.
View projects associated with the World Bank Group's Finance and Private Sector Development unit. View brief summaries of the private sector strategy as stated in the most recent Country Assistance Strategy (CAS) document.
Nicaragua Country Assistance Strategy (CAS) PSD focus:
(July 2005)
- Simplify procedures for opening, closing and operating businesses;
- Increase the percentage of financially sound service centers for low-income households and micro and small businesses by 10% (from 200 to 220) by mid 2007;
- Number of indigenous territories or communities, depending on the case, have complete land rights (demarcated, titled, registered);
- Implement the new institutional framework for registries, including the link with the cadastre, through the establishment of the National Directorate of Public Registries and the initiation of operations of the SIICAR.
| Project |
Total Project Amount (US $ millions) |
Contact |
|
NI Competitiveness LIL |
5.00 |
Goldberg,Michael J. |
|
P070016 |
|
1/19/2001 - 6/30/2006 |
|
Closed |
|
| Project |
Total Project Amount (US $ millions) |
Contact |
|
|
0.38 |
Ignacio Estevez |
|
569568 |
|
6/1/2009 |
|
Active |
|
|
GTFP Nicarag-TA |
0.04 |
Rogers David LeBaron |
|
550146 |
|
8/16/2006 - 6/1/2009 |
|
Closed |
|
|
Nic Leasing |
0.29 |
Marco Aurelio Gonzalez Revatta |
|
543644 |
|
7/1/2006 - 7/31/2008 |
|
Closed |
|