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."
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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).
In 2009, Foreign Direct Investment will drop 30% in Nicaragua, according to preliminary data.
The country received $600 worth of FDI in 2008 (60% more than in 2007), and expects to close 2009 with $450 million.
"Despite this year's results in foreign investment, Alvaro Baltodano, presidential investments delegate, is optimistic for 2010.
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.
During the first six months of 2013 FDI amounted to $690 million, versus $633 million in the same period of 2012.
"If we continue (with) this growth, logically we will reach $1.5 billion dollars" in investments, said Alvaro Baltodano, presidential delegate for Nicaragua investments.