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Latin America Investment News on Viva Tropical

Nicaragua Named Top Country by World Bank for Attracting Investment

Article Summary:

A comparative study by the World Bank (WB) has selected Nicaragua’s investment institution “Investment Promotion Agency of Nicaragua” (ProNicaragua) as the best performing institution in its field among 189 competing countries.

Photo Credit: Prensa Libre

Original Article Text From Prensa Libre via Google Translate :

BM Chooses Investment Agency of Nicaragua as the Best

The presidential delegate for investment Nicaraguan Alvaro Baltodano, and the World Bank representative in Managua, Camille Nuamah, declared this day as the Investment Promotion Agency of Nicaragua (ProNicaragua) was chosen as the best performing institution in its field.

The Comparative Study of Investment Promotion World 2012 was released last Friday by the World Bank, International Finance Corporation and Multilateral Investment Guarantee Agency, during the third annual World Investment Forum in Doha, Qatar. The results, reported Monday in Managua, they emphasize that ProNicaragua received the highest rating of “best practices” regarding the activities of investment attraction and facilitation.

Nicaraguan investment promotion in the study exceeded the categories “average”, “good” “weak” and “very weak”, said Baltodano. ProNicaragua is the first agency that leads the comparative examination of the Bank and does not belong to the Organization for Economic Cooperation and Development (OECD) said Baltodano. Nuamah said that the WB funded annually to Nicaragua up to U.S. $ 40 million to run public and private projects. In the previous World Bank study in 2009 ProNicaragua was at the eleventh position worldwide.

Nicaragua captured last year’s historic mark of $ 967.9 million in investment FDI, a 90.57% more than received in 2010, when it attracted $ 507.9 million, according to official figures.

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From Prensa Libre

Latin America Investment News on Viva Tropical