During 2009, the state agency for investment promotion, Pro-Nicaragua, expects to capture $600 million in investments, mainly in the energy sector.
An article published in Prensalibre.com reported that the executive director of Pro-Nicaragua, Javier Chamorro, explained that "the Nicaraguan Ministry of Energy and Mines recently signed a memorandum of understanding with the Andrade Gutierrez Company of Brazil for the development of feasibility studies at the Brito Hydroelectric plant located in the northern part of the country, whose investment cost is estimated at $300 million."
The manufacturing sector as a whole saw a decline in FDI due to a sharp drop in flows to Central America and the Caribbean.
In Central America and the Caribbean (other than financial centres), the decline in FDI inflows was largely due to a 20% fall in flows to Mexico, which mainly resulted from a halving of inflows to the manufacturing sector (CNIE, 2009).
FDI fell from $ 1.508 million in 2007 to $ 72 million in 2010. Businessmen claim the cause is the lack of confidence and certainty in current government economic policy.
2007: $ 1508 million, 2008: $ 784 million 2009: $ 431 million, 2010: $ 72 million. There should be a special consideration with the 2007 FDI numbers since they were affected by exceptional events such as the sale of banks to multinational banking corporations.
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