Nicaragua is a Central American nation located between Honduras to the north and Costa Rica to the south. Its eastern coast fronts the Caribbean Sea while its western coast fronts the Pacific Ocean.
The Pacific coast of Nicaragua was settled as a Spanish colony from Panama in the early 16th century. Independence from Spain was declared in 1821 and the country became an independent republic in 1838. Britain occupied the Caribbean Coast in the first half of the 19th century, but gradually ceded control of the region in subsequent decades. Violent opposition to governmental manipulation and corruption spread to all classes by 1978 and resulted in a short-lived civil war that brought the Marxist Sandinista guerrillas to power in 1979. Free elections in 1990, 1996, and 2001, saw the Sandinistas defeated, but voting in 2006 announced the return of former Sandinista President Daniel Ortega Saavedra. Nicaragua's infrastructure and economy - hard hit by the earlier civil war and by Hurricane Mitch in 1998 - are slowly being rebuilt.
In the north are the Bosawas Biosphere Reserve and to the south is the Indio Maiz Biological Reserve, which protects 2,500 km² of the Atlantic Rainforest. These two areas are very rich in biodiversity. There are 5 species of felines, including jaguar and cougar; 3 species of primates, spider monkey, howler monkey and capuchin monkey; 1 species of tapir, called Danto by the Nicaraguans; 3 species of anteaters and many more.
International Environmental Agreements
Nicaragua is party to international agreements on Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Ozone Layer Protection, Ship Pollution, Wetlands, and Whaling.
Birthrate: 23.7 births/1,000 population (2008 est.)
Death Rate: 4.33 deaths/1,000 population (2008 est.)
Life Expectancy at Birth: 71.5 years
Total Fertility Rate: 2.57 children born/woman (2009 est.)
Languages: Spanish 97.5% (official), Miskito 1.7%, other 0.8% (1995 census) (note: English and indigenous languages on Atlantic coast)
Literacy: 67.5%
Economy
Nicaragua has widespread underemployment and the second lowest per capita income in the Western Hemisphere. The US-Central America Free Trade Agreement (CAFTA) has been in effect since April 2006 and has expanded export opportunities for many agricultural and manufactured goods. Textiles and apparel account for nearly 60% of Nicaragua's exports, but recent increases in the minimum wage will likely erode its comparative advantage in this industry. Nicaragua relies on international economic assistance to meet internal- and external-debt financing obligations. In early 2004, Nicaragua secured some $4.5 billion in foreign debt reduction under the Heavily Indebted Poor Countries (HIPC) initiative, and in October 2007, the IMF approved a new poverty reduction and growth facility (PRGF) program that should create some fiscal space for social spending and investment. The continuity of a relationship with the IMF helps support donor confidence, despite private sector concerns surrounding ORTEGA, which has dampened investment. Economic growth will slow in 2009, due to decreased export demand from the US and Central American markets, lower commodity prices for key agricultural exports, and low remittance growth - remittances account for almost 15% of Gross Domestic Product (GDP).
GDP: (Purchasing Power Parity): $16.83 billion (2008 est.)
Peter Saundry, Conservation International, World Wildlife Fund (Lead Author);CIA (Content Source);Juan Pablo Arce (Topic Editor) "Nicaragua". In: Encyclopedia of Earth. Eds. Cutler J. Cleveland (Washington, D.C.: Environmental Information Coalition, National Council for Science and the Environment). [First published in the Encyclopedia of Earth May 28, 2009; Last revised Date November 9, 2011; Retrieved February 9, 2012 <http://www.eoearth.org/article/Nicaragua>
The Authors
Stewardship Committee
The Encyclopedia of Earth
Dr. Peter Saundry is the Executive Director of the National Council for Science and the Environment (NCSE), a nonpartisan organization working to improve the scientific basis of environmental decision making. The NCSE works closely with the many communities that create and use environmental knowledge to make and shape environmental decisions, including academic, scientific, environmental, and business organizations, as well as federal, s ... (Full Bio)
A U.S.-based, international organization, Conservation International (CI) is a nonprofit, tax-exempt corporation under Section 501(c)(3) of the Internal Revenue Code.
CI applies innovations in science, economics, policy and community participation to protect the Earth's richest regions of plant and animal diversity in the biodiversity hotspots, high-biodiversity wilderness areas as well as important marine regions around the globe. With headquarters in Washington, D.C., CI works in more than 40 ... (Full Bio)
Known worldwide by its panda logo, World Wildlife Fund (WWF) leads international efforts to protect endangered species and their habitats. Now in its fifth decade, WWF works in more than 100 countries around the globe to conserve the diversity of life on Earth. With nearly 1.2 million members in the U.S. and another 4 million worldwide, WWF is the world's largest privately financed conservation organization. WWF directs its conservation efforts toward three global goals: 1) saving endangered ... (Full Bio)
Nicaragua is a Central American nation located between Honduras to the north and Costa Rica to the south. Its eastern coast fronts the Caribbean Sea while its western coast fronts the Pacific Ocean.
The Pacific coast of Nicaragua was settled as a Spanish colony from Panama in the early 16th century. Independence from Spain was declared in 1821 and the country became an independent republic in 1838. Britain occupied the Caribbean Coast in the first half of the 19th century, but gradually ceded control of the region in subsequent decades. Violent opposition to governmental manipulation and corruption spread to all classes by 1978 and resulted in a short-lived civil war that brought the Marxist Sandinista guerrillas to power in 1979. Free elections in 1990, 1996, and 2001, saw the Sandinistas defeated, but voting in 2006 announced the return of former Sandinista President Daniel Ortega Saavedra. Nicaragua's infrastructure and economy - hard hit by the earlier civil war and by Hurricane Mitch in 1998 - are slowly being rebuilt.
In the north are the Bosawas Biosphere Reserve and to the south is the Indio Maiz Biological Reserve, which protects 2,500 km² of the Atlantic Rainforest. These two areas are very rich in biodiversity. There are 5 species of felines, including jaguar and cougar; 3 species of primates, spider monkey, howler monkey and capuchin monkey; 1 species of tapir, called Danto by the Nicaraguans; 3 species of anteaters and many more.
International Environmental Agreements
Nicaragua is party to international agreements on Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Ozone Layer Protection, Ship Pollution, Wetlands, and Whaling.
Birthrate: 23.7 births/1,000 population (2008 est.)
Death Rate: 4.33 deaths/1,000 population (2008 est.)
Life Expectancy at Birth: 71.5 years
Total Fertility Rate: 2.57 children born/woman (2009 est.)
Languages: Spanish 97.5% (official), Miskito 1.7%, other 0.8% (1995 census) (note: English and indigenous languages on Atlantic coast)
Literacy: 67.5%
Economy
Nicaragua has widespread underemployment and the second lowest per capita income in the Western Hemisphere. The US-Central America Free Trade Agreement (CAFTA) has been in effect since April 2006 and has expanded export opportunities for many agricultural and manufactured goods. Textiles and apparel account for nearly 60% of Nicaragua's exports, but recent increases in the minimum wage will likely erode its comparative advantage in this industry. Nicaragua relies on international economic assistance to meet internal- and external-debt financing obligations. In early 2004, Nicaragua secured some $4.5 billion in foreign debt reduction under the Heavily Indebted Poor Countries (HIPC) initiative, and in October 2007, the IMF approved a new poverty reduction and growth facility (PRGF) program that should create some fiscal space for social spending and investment. The continuity of a relationship with the IMF helps support donor confidence, despite private sector concerns surrounding ORTEGA, which has dampened investment. Economic growth will slow in 2009, due to decreased export demand from the US and Central American markets, lower commodity prices for key agricultural exports, and low remittance growth - remittances account for almost 15% of Gross Domestic Product (GDP).
GDP: (Purchasing Power Parity): $16.83 billion (2008 est.)
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