Nicaragua Goes Capitalist
The title, from an article in The Economist is misleading both in what it specifically says and as a realistic title for the article which follows. But, there are some interesting points made in the article.
Far from pro-Ortega, it at least recognizes what I call the pragmatic side of Ortega and the FSLN.
The FSLN is “a party of the left, but a very realist party,” according to Bayardo Arce, a revolutionary comandante who is now the president’s economic adviser. Although Mr Ortega has steamrolled institutions such as the electoral commission and the courts, he has been careful to avoid messing up the economy. On a visit to Managua in July, the IMF’s deputy head praised Nicaragua’s “courageous” efforts to maintain macroeconomic stability. The World Bank reckons it is the easiest country in Central America, Panama excepted, in which to start a new business.