The next four months will see Nicaragua’s first Walmart store, a new Cargill agro plant, a new PriceSmart store, and the start of a Hyatt Palace in Managua, one of five hotels being developed by Latam Hotel Corporation for an estimated $140 million, including San Salvador, Guatemala City, Tegucigalpa and San Pedro Sula.
Various factors promote development in Nicaragua.
Labor is cheap.
The exchange rate has for several years been stable against the dollar.
Since 2012, the economy has on average grown nearly 5 percent a year, while the current account deficit shrank from $1.1 billion to $800 million, and direct investment went from $720 million in 2012 to $760 million last year.