Nicaragua

BMI View: Nicaragua's foreign reserves (excluding gold) came in much higher than we had anticipated in 2007, at US$921.9mn, compared with our original US$700mn forecast.

Venezuela has guaranteed a long-term supply of cheap crude oil to Nicaragua. Venezuelan President Hugo Chávez made the announcement on a visit to Nicaragua, which coincided with... 2007-03-13

BMI View: In March, the International Court of Justice (ICJ) began hearing arguments over a maritime border dispute between Nicaragua and neighbouring Honduras. A ruling should... 2007-03-12

BMI View: Global oil prices have fallen considerably since their peak in 2006, and this should prove beneficial to Central America's external accounts. Importantly, we think that... 2007-02-19

The legislature in January approved a watered-down version of President Daniel Ortega's proposal to consolidate power in the executive branch, including giving the president's office... 2007-02-06

BMI View: With more than US$100mn in debt payments coming due in February, President Daniel Ortega's government is concerned about Nicaragua's debt load. While more external debt... 2007-01-30

The Banco Central de Nicaragua (BCN) has done an admirable job of conducting monetary policy over the past few years, following a banking crisis. The big question now is how policy... 2007-01-18

BMI View: Nicaragua's foreign reserves may have exceeded our US$700mn estimate at end-2006. As of October, the country's international reserves excluding gold amounted to US$800mn,... 2007-01-12

Our short-term political risk rating for Nicaragua has been upgraded by four points this month, in the wake of President Daniel Ortega's inauguration as president on January 10. In... 2007-01-12

BMI View: Now that Daniel Ortega has been inaugurated as president, we think that Nicaragua will face a tricky diplomatic balancing act. On the one hand, Ortega hopes to remain... 2007-01-12