In a speech on the occasion of the launch of the 2023-2024 coffee crop protection plan, the minister highlighted, among other things, the support of the executive branch in technical assistance, technology transfer, opening of marketing channels and access to financing.
Acosta reiterated that President Daniel Ortega’s mandate is to mobilize the country’s greatest possible resources to ensure a thriving manufacturing sector and create jobs, wealth and prosperity for the Nicaraguan people.
The government official pointed to the country’s economic growth between 2020 and 2023, with a cumulative growth of 16 percent, which, he noted, makes Nicaragua the best performing country in Central America after the Covid-19 pandemic.
When he referred to the development of the national economy in the current year, he expressed that this was continuing successfully despite the complex global economic environment and represented growth of 3.8 percent in the first half of the year.
According to the minister, this percentage was determined by service activities, hotels, restaurants, mines, electricity, transport, communications, financial intermediation, trade and construction, among others.
“We have accumulated almost more than a billion dollars from the productive sector by September 30, in excess of the exports of 2021, the year of great reactivation and recovery of the economy,” he stressed.
He acknowledged the work of Nicaraguans abroad in sending remittances to their families, which had a significant impact on community consumption and boosted the economy in this calendar.
He added that foreign investment hit a record high of more than $1.8 billion last year and is expected to remain above $1.5 billion in 2023, which is “a sign of confidence in peace, Peace and stability”.
“Trust is built day by day, and the greatest expression of trust is more investment, production and more work,” he said.
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