Political pressure groups and leaders: National Workers Front (FNT) is a Sandinista umbrella group of eight labor unions: Sandinista Workers' Central (CST); Farm Workers Association (ATC); Health Workers Federation (FETASALUD); National Union of Employees (UNE); National Association of Educators of Nicaragua (ANDEN); Union of Journalists of Nicaragua (UPN); Heroes and Martyrs Confederation of Professional Associations (CONAPRO); and the National Union of Farmers and Ranchers (UNAG); Permanent Congress of Workers (CPT) is an umbrella group of four non-Sandinista labor unions: Confederation of Labor Unification (CUS); Autonomous Nicaraguan Workers' Central (CTN-A); Independent General Confederation of Labor (CGT-I); and Labor Action and Unity Central (CAUS); Nicaraguan Workers' Central (CTN) is an independent labor union; Superior Council of Private Enterprise (COSEP) is a confederation of business groups
International organization participation: BCIE, CACM, ECLAC, FAO,
G-77, IADB, IAEA, IBRD, ICAO, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO,
IMF, IMO, Intelsat, Interpol, IOC, IOM, ITU, LAES, LAIA (observer),
NAM, OAS, OPANAL, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UPU, WCL,
WHO, WIPO, WMO, WToO, WTrO
Diplomatic representation in the US: chief of mission: Ambassador Francisco AGUIRRE Sacasa chancery: 1627 New Hampshire Avenue NW, Washington, DC 20009 telephone: [1] (202) 939-6570 consulate(s) general: Houston, Los Angeles, Miami, New Orleans, New York, San Francisco
Diplomatic representation from the US: chief of mission: Ambassador Lino GUTIERREZ embassy: Kilometer 4.5 Carretera Sur., Managua mailing address: APO AA 34021 telephone: [505] (2) 666010 through 666013, 666015 through 18, 666026, 666027, 666032 through 33 FAX: [505] (2) 669074
Flag description: three equal horizontal bands of blue (top), white, and blue with the national coat of arms centered in the white band; the coat of arms features a triangle encircled by the words REPUBLICA DE NICARAGUA on the top and AMERICA CENTRAL on the bottom; similar to the flag of El Salvador, which features a round emblem encircled by the words REPUBLICA DE EL SALVADOR EN LA AMERICA CENTRAL centered in the white band; also similar to the flag of Honduras, which has five blue stars arranged in an X pattern centered in the white band
@Nicaragua:Economy
Economy-overview: The Nicaraguan economy, devastated during the 1980s by economic mismanagement and civil war, is beginning to rebound. In 1991 President CHAMORRO launched an ambitious economic stabilization program that reduced inflation and obtained substantial economic aid from abroad. Economic growth rose sharply in 1995-97, due to surges in exports and efforts to enhance trade liberalization. The program, however, hit some snags, and a 1994-97 IMF Enhanced Structural Adjustment Facility (ESAF) signed by the CHAMORRO administration with the Fund lapsed in September 1996 due to non-compliance. In 1997, however, the IMF resumed negotiations for an ESAF with the ALEMAN administration, and agreed to an ESAF in 1998. IMF approval of the ESAF cleared the way for debt relief by the Paris Club later that year and has opened the way for debt relief under the Highly Indebted Poor Countries Initiative. Implementation of a 1997 property accord-designed to resolve conflict over properties confiscated by the Sandinistas in the 1980s-should also help inspire international investor confidence. Strong growth is forecast for 1998, with implementation of a 1997 free trade agreement with Mexico expected to boost agricultural exports, although the industrial sector may come under pressure from increased Mexican competition.
GDP: purchasing power parity-$9.3 billion (1997 est.)
GDP-real growth rate: 6% (1997 est.)
GDP-per capita: purchasing power parity-$2,100 (1997 est.)