Fiscal Outlook: Positive On The Surface

BMI View: While we expect Nicaragua's non-financial public sector fiscal deficit to improve over the medium term, from 1.5% of GDP in 2010 to 0.7% in 2011 and to a 0.2% surplus in 2012, uncertainty within the domestic politics arena could derail this positive fiscal trajectory. We highlight that these mounting risks bode ill for the country's investment outlook.

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