The U Embassy in Managua newly iss...

The U Embassy in Managua newly issued an update on the investment climate in Nicaragua. extracts follow:

Openness to foreign investment: President Enrique Bolanos, who took office in Jan. 2002 has made a high priority of attracting just discovered foreign investment to Nicaragua and building a more supportive environment for existing investment. restraint actions in the past year have included lucky performance under an IMF program that required a significant reduction in the stock deficit and provided new resources and liability relief; creation of the investment promotion agency ProNicaragua in Aug. 2002; work toward opening a pilot "one-stop shop" for