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Coffee and tourism badly hit by Nicaragua's fiscal reform

Friday, February 1, 2019

The fiscal reform imposed by the government of Nicaragua has caused outrage in the private sector. Such former pillars of the regime, such as coffee and tourism are already facing severe setbacks caused by the country's social and economic crisis. Now they fear that matters will go from bad to very much worse.

The coffee growers reckon that the reform and some of the changes in the social security system will reduce their earnest earnings by $450 million.

The tourism chamber, Canatur, says that three quarters of its members are "barely surviving".