Nicaragua: moving forward.Nicaragua seems to be in shape ahead of the free trade deal between the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , the Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. and four Central American countries, known as DR-Cafta. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the International Monetary Fund (IMF IMF See: International Monetary Fund IMF See International Monetary Fund (IMF). ), its economy is growing and poverty has fallen since a banking crisis at the beginning of the decade. Inflation at the end of 2005 was 9.6%, rising to 10.5% in the first quarter of 2006 on higher fuel prices. IMF Nicaragua Country Representative Vikram Haksar says, thanks to the trade deal, Nicaragua will have a chance to reach new markets. "Currently, countries like China are making investments in Nicaragua and, besides creating jobs, they make direct investments," he says. Among those risks are reduced demand among its export markets, high petroleum prices and changes in government. "The country should take steps to organize how it spends public funds and it should cut the deficit," Haksar says. [GRAPHIC OMITTED] |
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