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Bluefields is the capital of the South Caribbean Autonomous Region in Nicaragua. It was also the capital of the former Kingdom of Mosquitia, and later the Zelaya Department, which was divided into North and South Caribbean Coast Autonomous Regions. It is located on Bluefields Bay at the mouth of the Bluefields River in the municipality of the ...
Nicaragua's economy continues to post growth, with preliminary indicators showing the Nicaraguan economy growing an additional 5% in 2011. [13] Consumer Price inflation have also curtailed since 2008, when Nicaragua's inflation rate hovered at 19.82%. [14] In 2009 and 2010, the country posted lower inflation rates, 3.68% and 5.45%, respectively ...
Bolsa de Valores de Nicaragua is supervised by the Superintendencia de Bancos y Otras Instituciones Financieras (Supervision of Banks and Other Financial Institutions). [2] This institution supervises trading activity, market positions, as well as stock brokers, banks, insurance companies and issuers of securities .
The Caribbean Coast represents 35 percent of the Nicaragua cattle industry. With an annual compound growth rate of 9 percent in meat exports and 11 percent per year in milk production over the past 8 years, Nicaragua maintains its position as the main livestock, dairy products and meat producer of the Central American region. [citation needed]
The two first commercial banks in Nicaragua opened in 1888. The Bank of Nicaragua (Spanish: Banco de Nicaragua), later rebranded as the Bank of Nicaragua Limited, headquartered in London and then merged with the London Limited Bank of Central America, and the Mercantil Agricultural Bank (Spanish: Banco Agrícola Mercantil) that went bankrupt for non-payment of their debtors.
The Inter-American Development Bank (IDB) was instrumental in restructuring Nicaragua's technically bankrupt banking sector. [1] In December 1991, the IDB approved a US$3 million technical cooperation grant to restructure the Central Bank, and in March 1992, it approved a US$3 million loan to a new commercial bank, the Mercantile Bank (Banco Mercantil). [1]
Nicaragua is a country in Central America with constitutional democracy with executive, legislative, judicial, and electoral branches of government. The President of Nicaragua is both head of state and head of government. Executive power is exercised by the government. Legislative power is vested in the National Assembly.
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