Clusters to help strengthen Nicaraguan economy

Written 09.05.2003 05:00 by Ciara Howie Print Send article

Nicaragua and the IMF have released an 80 page document outlining the necessary steps for Nicaragua to build a strong economy. This strategy addresses many systemic issues, including corruption, education, and fiscal reforms. Contained within this document is the clear intention of the government to utilize a cluster development strategy.

To facilitate this process, Nicaragua plans to create developmental zones that will encourage the population to migrate to these areas and relieve the stress from areas that have little or no potential for growth.

This report identifies seven clusters that show potential for development:

(a) textiles and clothing manufacture;
(b) agribusiness and food processing;
(c) agro-industry of meat and dairy products;
(d) reforestation and wood products;
(f) fishing and fish and shrimp farming;
(g) tourism; and
(h) energy.

TCI Member Alec Hansen is in Nicaragua as this newsletter goes to press ? we will look for an update next month.

To read more on this issue use the following link: http://www.imf.org/External/NP/prsp/2002/nic/01/