Nicaragua is a low income country facing multiple social and economic problems. Nicaragua’s WB Doing Business ranking has dropped substantially from 59th in 2006 to 119th in 2012. So there is very substantial scope for improving the business climate. Being an entrepreneur in Nicaragua requires lots of patience and stamina: enforcing a contract used to take 20 procedures and 155 days in 2005. In 2012 it would take 37 procedures and 409 days.
Nicaraguan employers national and international interests are being represented by the Consejo Superior de la Empresa Privada (COSEP) and the Cámara de Industrias de Nicaragua (CADIN). In 2008 DECP undertook a fact-finding mission to CADIN and it concluded a partnership agreement in 2009, in which the apex organisation COSEP was included.
Cooperation between CADIN and DECP has focussed on a strategic plan, on strengthening and streamlining CADIN’s organisational structure and on improving its communication both with the government and the members.