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No Information to Make Decisions

In Nicaragua, authorities have not published information on the Índice Mensual de Actividad Económica (IMAE) – Monthly Index of Economic Activity –  since February 2019, when the year-on-year fall was 7.5%, a situation that prevents businessmen from making decisions based on the real situation of the economy.

The latest report published by the Central Bank of Nicaragua states that in the second month of 2019 the IMAE in the country registered a 7.5% decrease compared to February 2018, mainly because of the behavior of the Hotels and Restaurants, and Fisheries and Aquaculture sectors.

The lack of official information has caused the reports on the economic situation prepared by the Superior Council of Private Enterprise (Cosep) and the Nicaraguan Foundation for Economic and Social Development (Funides), to lack current information.

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Laprensa.com.ni reports that “… The last time that Cosep and Funides disclosed their monitoring was in June of this year and since then the lack of economic information has worsened, which hits the decision-making.”

The article adds that “… The business sector has expressed concern about the scarcity of information and for that reason they were waiting for the arrival of the International Monetary Fund mission to clarify the true state of the economy and the recession.”

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