Nicaragua sticks to $1 billion foreign investment target

Despite the difficulties facing the world economy, Nicaragua is maintaining its $1 billion target for this year's foreign direct investment.

The target will be met largely because of investment in mining and telecommunications, according to former central bank president Mario Arana.

In the first half of the year, foreign investment came to $289 million, 76 percent more than in the same period of last year.

Source (in Spanish): El Nuevo Diario