Nicaragua

The International Court of Justice has ended a long-running dispute between Nicaragua and Honduras over a maritime boundary. On October 8, the court ruled that Honduras had sovereignty... 2007-10-09

BMI View: We are bumping up our 2007 real GDP growth forecast from 3.6% to 3.7%, which would be on a par with 2006. In August, the central bank estimated that growth would come... 2007-10-09

The Banco Central de Nicaragua (BCN) has a long-standing policy of a controlled depreciation of the córdoba, at a rate of 5% a year. Given our view that this parameter is likely... 2007-09-13

A visit by Taiwanese President Chen Shui-Bian in August provided occasion for Nicaraguan President Daniel Ortega to promise a 'new era' in relations between the two countries. Nicaragua... 2007-09-06

BMI View: The current account deficit in H107, at US$316mn, was lower than H106's outturn of US$380mn, putting downside risks to our year-end forecast of US$900mn (or 0.85% of GDP).... 2007-09-05

BMI View: Nicaragua's foreign reserves came in at US$947.5mn in April, marking a 6% month-on-month increase, and bringing the total above the end-2006 level for the first time this... 2007-07-31

The two opposition parties - the Alianza Liberal Nicaraguense (ALN) and the Partido Liberal Constitucionalista (PLC) - announced on July 23 that they will form a 'strategic alliance'... 2007-07-31

BMI View: Rising oil and food prices are driving up the Nicaraguan Consumer Price Index (CPI), which recorded a 9.46% y-o-y rise in June. Although our year-end inflation target remains... 2007-07-31

Nicaragua's Supreme Court suspended three senior judges on July 3 after they acquitted three men of cocaine trafficking charges. The court ordered an investigation into the judges,... 2007-07-05

BMI View: Costa Rica's decision to dissolve its diplomatic ties with Taiwan has heightened speculation that other Central American and Caribbean allies may follow suit. In our view,... 2007-06-22