Juan Barahona, a fire-brand union leader was replaced by attorney Rodil Rivera, one of Zelaya’s closest aides at the start of a decisive round of talks to find a solution to the political and institutional crisis of the country since the elected president was ousted in a midnight coup and flown out of the country [...]

Fitch Ratings released a report last week that said that the difficult situation caused by the world economic crisis and Nicaragua’s high level of poverty, small financial markets, lowered remittances from citizens living abroad, decreased foreign aid, and large numbers of people working in the informal sector, was made worse by increased risk in the [...]

In the midst of what some officials have called Costa Rica’s worst drought in memory, Ricardo Sancho, president of the Costa Rican Water and Sewer Institute (AyA), has warned of water shortages in the near future if the nation’s citizens don’t begin to conserve the resource.
During a press conference on Wednesday, Sancho said the country [...]

Ortega’s Anti-Crisis Plan
Nicaragua certainly is not immune from the global economic crisis and President Daniel Ortega has announced economic measures to prevent Nicaragua from plunging into economic crisis and hardship. He has unveiled economic measures for the country as a whole and “belt tightening” measures for government members.

The Government Tightens Its Belt
Government measures, affecting state [...]

Last week, I blogged about how the global economic crisis may affect Central American countries, like Nicaragua, and what these countries were doing to protect themselves.
Figures from the Nicaraguan Central Bank show that Nicaraguans living abroad send somewhere between $800 million and $1 billion home to their families in Nicaragua, every year.  This figure is [...]

With the Credit Crunch in the US and the UK, and the “Crisis” in Europe, you may have been wondering if this economic downturn is going to affect Central American countries, like Nicaragua. Well, the latest news from Reuters is that Central American countries are preparing themselves for the worst and looking to protect themselves [...]