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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 ...
The department was divided into two autonomous regions (communities): the North Caribbean Coast Autonomous Region and the South Caribbean Coast Autonomous Region. The Charter of Autonomy is largely based on the model used by Spain. The communities are governed by a Governor and a Regional Council. [2]
The North Caribbean Coast Autonomous Region [a] is one of two autonomous regions in Nicaragua. It was created along with the South Caribbean Coast Autonomous Region by the Autonomy Statute of 7 September 1987 through a division of the former Zelaya Department. It covers an area of 33,106 km 2 and has a population of 541,189 (2021 estimate).
Grupo Financiero Banamex S.A. de C.V. has its origins and is the owner of the Banco Nacional de México or Citibanamex (formerly Banamex). It is the second-largest bank in Mexico. The Banamex Financial Group was purchased by Citigroup in August 2001 for $12.5 billion USD. It continues to operate as a Citigroup subsidiary.
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 ...
Rivas is known for its fertile soil and beaches. Throughout the department, there are many sugar cane, plantain, tobacco, and other crop plantations. The department borders Lake Nicaragua to the east and the Pacific Ocean to the west. The southern part of the department borders with Costa Rica.
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]
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.