The Central Bank of Nicaragua recognized the “weight” that remittances sent from abroad have about the country’s economic growth, the newspaper Confidential reported Tuesday.
ConfidentialCiting the BCN annual report revised by the newspaper, he informed that the institution “recognizes in several ways” the importance that family remittances sent from abroad had in the economic dynamism of Nicaragua.
Accordance For the World Bank, Nicaragua is the third economy dependent on remittances in the world, surpassed only by Tayikistan and Tonga. In recent years, Nicaragua has experienced a dramatic increase in the number of remittances appealed, with excessive most of remittances from the United States.
Confidential Detailed that Tok Nicaragua nine years (2012-2021) will go from $ 1,014 billion in remittances received at $ 2,147 billion, but then in 2022 “it grew almost as much as in those previous nine years, and continued billed $ 36 and remained billed $ 466. 2024 – which represented about 27 percent of its entire Gross Domestic Product (GPD).
“The annual report 2024 clearly shows this relationship between remittances and GDP: if the economic growth of 4.4 percent in 2023 (according to the data reviewed) occurred hand in hand with a growth of 44.5 percent in the remittances received remittances in remittances in remittances in remittances or 2024. The GDP was accompanied by an increase of only 12.5% in the remittances,” said the report.
The experts have warned That the communist regime of the dictator Daniel Ortega benefited economically and political by encouraging the mass migration of Nicaraguans outside their country. The experts explained that migrants finally send remittances to their friends and families, which in turn leads to an increase in local economic activity and an increase in tax revenues of the regime, while calming the “social regime” that did not earn poverty poverty of poor poverty Poverty Poor Poverty of poor poverty with poor paving with Pozra Pair.
Confidential In his report, it was emphasized that, according to the economists consulted by the newspaper, there would be a recession in Nicaragua without remittances.
“The economic growth and development of Nicaragua will be real when it depends less on remittances,” said economist Marco Aurelio Peña Confidential. “Nicaragua depends largely on these remittances.”
“It is not an economy that develops under the productivity of its production factors within the national territory,” he continued. “The spike is the money generated by the Nicaraguan outside the national territory, in a labor market that is not Nicaraguan.”
Confidential He also quoted Manuel Orrozco, a specialist in migration issues in the inter -American dialogue, which stressed Last week that Nicaragua’s internal economic dynamism “is not growing; growth occurs dependence on the outside.”
“Without remittances, the economic crisis would last all this time. Even the collection of incoming remittance taxes for many of the large income of income,” Orozco said.
“Migrants support almost a third of national income, that is, they contribute to a third of that growth,” he added. “Without monetary remittances, since there would be not so much power, the social inequality gap would worsen and there would be many more people in a situation of economic vulnerability.”
An unidentified Nicaraguan economist, who spoke Confidential From abroad on condition of anonymity to protect his family in Nicaragua, he said that “there is no doubt” that Nicaragua’s fragile economy would go in recession if he lost more than a quarter or is domestic domestic, he is in the llagua in the disaster in the sole wound in the only time for the life of life. term. “
Confidential Said that everything is too early to know what will happen to the Nicaraguan economy in 2025, Ovidio Reyes, head of the BCN Board of Directors, reports that Nicaragua’s GDP was the powerful Betsen 3.5 and 4.5 and 4.5.
The Newpaper said that there is “a fact that economists are observing interest”, since the amount of remittances received by Nicaragua in 2025 until now at the end of February amounted to $ 941 million that the period in 2024, which translates into an increase of 22.6 percent in the remittances received.
Similarly, Nicaraguan economists than gap With the local newspaper The press In late March AsSerted That the Central American Nation Will Experience A Reduction in the Amount Off Remitted for Result of The Termination of the “Humanitarian Parole,” A Program Launched by The Administration of Former Us President Joe Bides, Haitans, Huens, Hundansed Hundans, Hundans, Hundans, Hundans, Hundans, Handans, Handans, Handans Hundans, Hundans, Hundans, Hundans, Hundansed, Hundans, Hededsed, caressed, harassed, moody, hondans, hondsedsed, dangerous, hondedsaed, hondedsed, hondedanated, hededsed, novel, hededsed, hundansed, hededsed, hededsed, HONDEDSED, HONEDSED, HONEDEDSED, HONEDSED, HONEDSED, HONEDSED, HONEDSEDSE, HONEDEDSEDSEED HONEDSED, HONEDEDSEDSEED HONEDEDSEDSEED HONDEDSED. Hazedsed, Hares Andsed, Hareseds and Venezuelans to legally enter the United States and live and work for a prolonged period of time. It is estimated that about 93,000 Or all migrants who entered the program are Nicaraguan nationals.
Christian K. Caruzo is a Venezuelan writer and documented life under socialism. You can follow it on Twitter Gentleman.
