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Background Notes Nicaragua

Nicaragua Is The Sleeper Country In Central America

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OFFICIAL NAME:

Republic of Nicaragua

Geography

Area: 130,688 sq. km. (50,446 sq. mi.); slightly larger than New York State.

Cities: Capital--Managua (pop. 1 million). Other cities--Leon, Granada, Jinotega, Matagalpa, Chinandega, Masaya.

Terrain: Extensive Atlantic coastal plains rising to central interior mountains; narrow Pacific coastal plain interrupted by volcanoes.

Climate: Tropical in lowlands; cooler in highlands.

People

Nationality: Noun and adjective--Nicaraguan(s).

Population (2001 est.): 4.91 million.

Annual growth rate (2001 est.): 2.15%. Density--33 per sq. km.

Ethnic groups: Mestizo (mixed European and indigenous) 69%, white 17%, black (Jamaican origin) 9%, indigenous 5%.

Religion: Predominantly Roman Catholic, with rapidly growing percentage of Evangelical Protestants.

Languages: Spanish (official), English and indigenous languages on Caribbean coast.

Education: Years compulsory--none enforced (28% first graders eventually finish sixth grade). Literacy--75%.

Health: Life expectancy--62 yrs. Infant mortality rate--50/1,000.

Work force (1999): 1.7 million. Unemployed--20%; underemployed--36%.

Government

Type: Republic.

Independence: 1821.

Constitution: The 1987 Sandinista-era Constitution was changed in 1995 to provide for a more even distribution of power among the four branches of government and again in 2000 to increase the Supreme Court and the Controller General's Office and to make changes to the electoral laws. \

Branches: Executive--president and vice president. Legislative--National Assembly (unicameral). Judicial--Supreme Court; subordinate appeals, district and local courts; separate labor and administrative tribunals. Electoral--Supreme Electoral Council, responsible for organizing and holding elections.

Administrative subdivisions: 15 departments and two autonomous regions on the Atlantic coast; 145 municipalities.

Major political parties: Liberal Constitutionalist Party (PLC); Sandinista National Liberation Front (FSLN). Other political parties--Conservative Party (PC); National Resistance Party (PRN); Camino Cristiano. Regional parties in the Atlantic Coast include YATAMA and PMUC.

Suffrage: Universal at 16.

 Economy

GDP (2001): $2.4 billion (PPP 12.3 billion).

Annual growth rate (2001 est.): 2.5%.

Per capita GDP (2001 est.): $470.

Inflation rate (2001 est.): 8%.

Natural resources: Arable land, livestock, fisheries, gold, timber. Agriculture (31% of GDP): Products--corn, coffee, sugar, meat, rice, beans, bananas.

Industry (23% of GDP): Types--processed food, beverages, textiles, petroleum, and metal products.

Services (45% of GDP): Types--commerce, construction, government, banking, transportation, and energy.

Trade (2001): Exports--$640 million (f.o.b.): coffee, seafood, beef, sugar, industrial goods, gold, bananas, sesame. Markets--U.S. 43%, European Union 33%, Central American Common Market (CACM) 17%, Mexico 2%. Imports--$1.7 billion (f.o.b. 2001): petroleum, agricultural supplies, manufactured goods. Suppliers--U.S. 32%, CACM 21%, Venezuela 11%, European Union 9%.

People

Most Nicaraguans have both European and Indian ancestry, and the culture of the country reflects the Ibero-European and Indian heritage of its people. Only the Indians of the eastern half of the country remain ethnically distinct and retain tribal customs and languages. A large black minority, of Jamaican origin, is concentrated on the Caribbean coast. In the mid-1980s, the central government divided the eastern half of the country--the former department of Zelaya--into two autonomous regions and granted the people of the region limited self-rule.

The 1995 constitutional reform guaranteed the integrity of the regions' several unique cultures and gave the inhabitants a say in the use of the area's natural resources. Roman Catholicism is the major religion, but Evangelical Protestant groups have grown recently, and there are strong Anglican and Moravian communities on the Caribbean coast. Most Nicaraguans live in the Pacific lowlands and the adjacent interior highlands. The population is 54% urban.

History

Nicaragua takes its name from Nicarao, chief of the indigenous tribe then living around present-day Lake Nicaragua. In 1524, Hernandez de Cordoba founded the first Spanish permanent settlements in the region, including two of Nicaragua's two principal towns: Granada on Lake Nicaragua and Leon east of Lake Managua. Nicaragua gained independence from Spain in 1821, briefly becoming a part of the Mexican Empire and then a member of a federation of independent Central American provinces. In 1838, Nicaragua became an independent republic.

Much of Nicaragua's politics since independence has been characterized by the rivalry between the liberal elite of Leon and the conservative elite of Granada, which often spilled into civil war. Initially invited by the Liberals in 1855 to join their struggle against the conservatives, an American named William Walker and his "filibusters" seized the presidency in 1856. The liberals and conservatives united to drive him out of office in 1857, after which a period of three decades of conservative rule ensued.

Taking advantage of divisions within the conservative ranks, Jose Santos Zelaya led a liberal revolt that brought him to power in 1893. Zelaya ended the longstanding dispute with Britain over the Atlantic Coast in 1894, and reincorporated that region into Nicaragua. However, due to differences over an isthmian canal and concessions to Americans in Nicaragua as well as a concern for what was perceived as Nicaragua's destabilizing influence in the region, in 1909 the United States provided political support to conservative-led forces rebelling against President Zelaya and intervened militarily to protect American lives and property. Zelaya resigned later that year. With the exception of a 9-month period in 1925-26, the United States maintained troops in Nicaragua from 1912 until 1933. From 1927 until 1933, U.S. Marines stationed in Nicaragua engaged in a running battle with rebel forces led by renegade liberal Gen. Augusto Sandino, who rejected a 1927 negotiated agreement brokered by the United States to end the latest round of fighting between liberals and conservatives.

After the departure of U.S. troops, National Guard Cmdr. Anastasio Somoza Garcia out-maneuvered his political opponents, including Sandino who was assassinated by National Guard officers, and took over the presidency in 1936. Somoza, and two sons who succeeded him, maintained close ties with the U.S. The Somoza dynasty ended in 1979 with a massive uprising led by the Sandinista National Liberation Front (FSLN), which, since the early 1960s, had conducted a lowscale guerrilla war against the Somoza regime.

The FSLN established an authoritarian dictatorship soon after taking power. U.S.-Nicaraguan relations deteriorated rapidly as the regime nationalized many private industries, confiscated private property, supported Central American guerrilla movements, and maintained links to international terrorists. The United States suspended aid to Nicaragua in 1981. The Reagan administration provided assistance to the Nicaraguan Resistance and in 1985 imposed an embargo on U.S.-Nicaraguan trade.

In response to both domestic and international pressure, the Sandinista regime entered into negotiations with the Nicaraguan Resistance and agreed to nationwide elections in February 1990. In these elections, which were proclaimed free and fair by international observers, Nicaraguan voters elected as their president the candidate of the National Opposition Union, Violeta Barrios de Chamorro.

During President Chamorro's nearly 7 years in office, her government achieved major progress toward consolidating democratic institutions, advancing national reconciliation, stabilizing the economy, privatizing state-owned enterprises, and reducing human rights violations. In February 1995, Sandinista Popular Army Cmdr. Gen. Humberto Ortega was replaced, in accordance with a new military code enacted in 1994 by Gen. Joaquin Cuadra, who espoused a policy of greater professionalism in the renamed Army of Nicaragua. A new police organization law, passed by the National Assembly and signed into law in August 1996, further codified both civilian control of the police and the professionalization of that law enforcement agency.

The October 20, 1996 presidential, legislative, and mayoral elections also were judged free and fair by international observers and by the groundbreaking national electoral observer group Etica y Transparencia (Ethics and Transparency) despite a number of irregularities, due largely to logistical difficulties and a baroquely complicated electoral law. This time Nicaraguans elected former-Managua Mayor Arnoldo Aleman, leader of the center-right Liberal Alliance, which later consolidated into the Liberal Constitutionalist Party (PLC). Aleman made progress in liberalizing the economy and fulfilling his campaign promise of "works not words" by completing infrastructure projects such as highways, bridges, and wells (thanks in large part to foreign assistance received after Hurricane Mitch hit Nicaragua in October 1998). His administration was, however, tainted by charges of corruption that resulted in the resignation of several key officials in mid-2000.

In November 2000, Nicaragua held municipal elections. Aleman's PLC won a majority of the overall mayoral races, but the FSLN fared considerably better in larger urban areas, winning a significant number of departmental capitals, including Managua.

Presidential and legislative elections were held on November 4, 2001--the country's fourth free and fair elections since 1990. Enrique Bolaņos of the PLC was elected to the Nicaraguan presidency, defeating the FSLN candidate Daniel Ortega, by 14 percentage points. The elections were characterized by international observers as free, fair and peaceful.

President Bolaņos was inaugurated on January 10, 2002. During the campaign Bolaņos promised to reinvigorate the economy, create jobs, fight corruption and support the war against terrorism.

Government and Political Conditions

Nicaragua is a constitutional democracy with executive, legislative, judicial, and electoral branches of government. In 1995, the executive and legislative branches negotiated a reform of the 1987 Sandinista constitution which gave impressive new powers and independence to the legislature--the National Assembly--including permitting the Assembly to override a presidential veto with a simple majority vote and eliminating the president's ability to pocket veto a bill. Both the president and the members of the unicameral National Assembly are elected to concurrent 5-year terms. The National Assembly consists of 90 deputies elected from party lists drawn at the department and national level, plus the outgoing president and the runner-up in the presidential race, for a total of 92. In the 2001 elections, the PLC and its allies won 52 seats, the FSLN won 37 seats, and the Conservative Party 1 seat. In addition, ex-president Aleman assumed a seat, as did runner-up Daniel Ortega. During the 2002 legislative term, Aleman will serve as President of the National Assembly.

The Supreme Court supervises the functioning of the still largely ineffective and overburdened judicial system. As part of the 1995 constitutional reforms, the independence of the Supreme Court was strengthened by increasing the number of magistrates from 9 to 12. In 2000, the number or Supreme Court Justices was increased to 16. Supreme Court justices are nominated by the political parties and elected to 5-year terms by the National Assembly.

Led by a council of seven magistrates, the Supreme Electoral Council (CSE) is the co-equal branch of government responsible for organizing and conducting elections, plebiscites, and referendums. The magistrates and their alternates are elected to 5-year terms by the National Assembly. Constitutional changes in 2000 expanded the number of CSE magistrates from five to seven and gave the PLC and the FSLN a freer hand to name party activists to the council, prompting allegations that both parties were politicizing electoral institutions and processes and excluding smaller political parties.

Freedom of speech is a right guaranteed by the Nicaraguan constitution and vigorously exercised by its people. Diverse viewpoints are freely and openly discussed in the media and in academia. There is no state censorship in Nicaragua. Other constitutional freedoms include peaceful assembly and association, freedom of religion, and freedom of movement within the country, as well as foreign travel, emigration, and repatriation. The government also permits domestic and international human rights monitors to operate freely in Nicaragua. The constitution prohibits discrimination based on birth, nationality, political belief, race, gender, language, religion, opinion, national origin, economic or social condition. All public and private sector workers, except the military and the police, are entitled to form and join unions of their own choosing, and they exercise this right extensively. Nearly half of Nicaragua's work force, including agricultural workers, is unionized. Workers have the right to strike. Collective bargaining is becoming more common in the private sector.

Political Parties

Though 35 political parties participated in the 1996 elections, under new, more restrictive electoral laws passed in 2000, only three parties participated in the 2001 national elections--the PLC, the FSLN and the PC. As a result of those elections, of the 92 seats in the National Assembly, 53 will be held by the PLC, 38 by the FSLN and 1 by the PC.

Principal Government Officials

President--Enrique Bolaņos Geyer

Vice President--Jose Rizo Castellon

Foreign Affairs Minister--Norman Caldera

Finance Minister--Eduardo Montealegre

Trade Minister--Marcos Narvaez

Central Bank Director--Mario Alonso

Government Minister--Arturo Harding

Agriculture Minister--Jose Augusto Navarro

Defense Minister--Jose Adan Guerra

Construction and Transportation Minister--Pedro Solorzano

Health Minister--Lucia Salvo

Education Minister--Silvio De Franco

Attorney General--Oscar Herdocia

Labor Minister--Virgilio Guardian

Ambassador to the United States--Carlos Ulvert

Ambassador to the United Nations--(vacant)

Ambassador to the Organization of American States--(vacant)

Nicaragua maintains an embassy in the United States at 1627 New Hampshire Avenue, NW, Washington, DC 20009 (tel. 202-387-4371).

Economy

Nicaragua began free market reforms in 1991 after 12 years of economic free-fall under the Sandinista regime. Despite some setbacks, it has made dramatic progress: privatizing more than 350 state enterprises, reducing inflation from 13,500% to 8%, and cutting the foreign debt in half. The economy began expanding in 1994 and grew 2.5% in 2001, with overall GDP reaching $2.44 million in 2001. In 2001, the global recession, combined with a series of bank failures, low coffee prices, and a drought, caused the economy to retract.

Nicaragua remains the second-poorest nation in the hemisphere with a per capita GDP of less than $500--below where it stood before the Sandinista takeover in 1979. Unemployment is officially around 11%, and another 36% are underemployed. Nicaragua suffers from persistent trade and budget deficits and a high debt-service burden, leaving it highly dependent on foreign assistance--as much as 25% of GDP in 2001.

One of the key engines of economic growth has been production for export. Exports were 640 million in 2001. Although traditional products such as coffee, meat, and sugar continued to lead the list of Nicaraguan exports, the fastest growth is now in nontraditional exports: maquila goods (apparel); gold; seafood; and new agricultural products such as peanuts, sesame, melons, and onions. Nicaragua also depends heavily on remittances from Nicaraguans living abroad.

Nicaragua is primarily an agricultural country, but construction, mining, fisheries, and general commerce also have been expanding during the last few years. Foreign private capital inflows topped $300 million in 1999 but, due to economic and political uncertainty, fell to less than $100 million in 2001. Rapid expansion of the tourist industry has made it the nation's third-largest source of foreign exchange. Some 60,000 Americans visit Nicaragua yearly--primarily business people, tourists, and those visiting relatives. An estimated 5,300 U.S. citizens reside in the country. The U.S. embassy's consular section provides a full range of consular services--from passport replacement and veteran's assistance to prison visitation and repatriation assistance.

Nicaragua faces a number of challenges in stimulating rapid economic growth. Long-term success at attracting investment, creating jobs, and reducing poverty depend on its ability to comply with an International Monetary Fund (IMF) program, resolve the thousands of Sandinista-era property confiscation cases, and open its economy to foreign trade. This process was boosted in late 2000 when Nicaragua reached the decision point under the Heavily Indebted Poor Countries (HIPC) debt relief initiative. However, HIPC benefits will be delayed because Nicaragua subsequently fell "off track" from its IMF program. The country also has been grappling with a string of bank failures that began in August 2000. Moreover, Nicaragua continues to lose international reserves due to its growing fiscal deficits.

The U.S. is the country's largest trading partner by far--the source of 25% of Nicaragua's imports and the destination of about 60% of its exports. About 25 wholly or partly owned subsidiaries of U.S. companies operate in Nicaragua. The largest of those investments are in the energy, communications, manufacturing, fisheries, and shrimp farming sectors. Good opportunities exist for further investments in those same sectors, as well as in tourism, mining, franchising, and the distribution of imported consumer, manufacturing, and agricultural goods.

The U.S. embassy's Economic/Commercial Section advances American economic and business interests by briefing U.S. firms on opportunities and stumbling blocks to trade and investment in Nicaragua; encouraging key Nicaraguan decisionmakers to work with American firms; helping to resolve problems that affect U.S. commercial interests; and working to change local economic and trade ground rules in order to afford U.S. firms a level playing field on which to compete. U.S. businesses may access key embassy economic reports via the mission's Internet home page at http://www.usia.gov/posts/managua.html.

Foreign Relations

The 1990 election victory of President Violeta Chamorro placed Nicaragua in the ranks of Latin American democracies. Nicaragua pursues an independent foreign policy. President Chamorro was instrumental in obtaining considerable international assistance for her government's efforts to improve living conditions for Nicaraguans--the country is one of the poorest in the Western Hemisphere. Her administration also negotiated substantial reductions in the country's foreign debt burden. A participant of the Central American Security Commission (CASC), Nicaragua also has taken a leading role in pressing for regional demilitarization and peaceful settlement of disputes within states in the region. Nicaragua has submitted two territorial disputes, one with Honduras and the other with Colombia, to the International Court at The Hague for resolution. Nicaragua and Costa Rica also dispute jurisdiction over the Rio San Juan, which delimits the boundary between the two countries. At the 1994 Summit of the Americas, Nicaragua joined six Central American neighbors in signing the Alliance for Sustainable Development, known as the Conjunta Centroamerica-USA or CONCAUSA, to promote sustainable economic development in the region.

Nicaragua belongs to the UN and several specialized and related agencies, including the World Bank, the International Monetary Fund (IMF), World Trade Organization (WTO), UN Educational, Scientific, and Cultural Organization (UNESCO), World Health Organization(WHO), Food and Agriculture Organization (FAO), International Labor Organization (ILO), and the UN Human Rights Commission (UNHRC). Nicaragua also is a member of the Organization of American States(OAS), the Non-aligned Movement (NAM), International Atomic Energy Commission (IAEA), the Inter-American Development Bank (IDB), the Central American Common Market (CACM), and the Central America Bank for Economic Integration (CABEI).

US-Nicaraguan Relations

U.S. policy aims to continue supporting the consolidation of the democratic process initiated in Nicaragua with the 1990 election of President Chamorro. The U.S. has promoted national reconciliation, encouraging Nicaraguans to resolve their problems through dialogue and compromise. It recognizes as legitimate all political forces that abide by the democratic process and eschew violence. U.S. assistance is focused on strengthening democratic institutions, stimulating sustainable economic growth, and supporting the health and basic education sectors.

The resolution of U.S. citizen claims arising from Sandinista-era confiscations and expropriations still figure prominently in bilateral policy concerns. Section 527 of the Foreign Relations Authorization Act (1994) prohibits certain U.S. assistance and support for a government of a country that has confiscated U.S. citizen property, unless the government has taken certain remedial steps. In July 2001, the Secretary of State issued an eighth annual national interest waiver of the Section 527 prohibition because of Nicaragua's record in resolving U.S. citizen claims as well as its overall progress in implementing political and economic reforms.

Other key U.S. policy goals for Nicaragua are:

Since 1990, the U.S. has provided $1.2 billion in assistance to Nicaragua. About $260 million of that was for debt relief, and another $450 million was for balance-of-payments support. The U.S. also provided $93 million in 1999, 2000, and 2001 as part of our overall response to Hurricane Mitch. Aside from funding for Mitch reconstruction, the levels of assistance have fallen incrementally to reflect the improvements in Nicaragua. FY 2000 assistance was $25 million and FY2001 amounted to approximately the same. This assistance was focused on promoting more citizen political participation, compromise, and government transparency; stimulating sustainable growth and income; and fostering better-educated and healthier families. In 2001, the U.S. provided a total of $6.2 million to the Supreme Electoral Council and to a wide range of NGO's to ensure free, fair and transparent elections.

Principal U.S. Officials

Ambassador--Oliver P. Garza

Deputy Chief of Mission--Paul J. Saxton

Economic/Commercial Counselor--Tim Stater

Political Counselor--Robin D. Meyer

Administrative Counselor--Robert Goldberg

Public Affairs Officer--Michael Stevens

Consul General--David Ramos

Regional Security Officer--Jim Schnaible

Defense Attache--Col. Fernandez

MILGROUP--Col. Wilkins

DEA--David Jenkins

USAID Mission Director--Marilyn Zak

Peace Corps Director--Susan Pezzullo

The U.S. embassy in Nicaragua is located at Kilometer 4.5, Carretera Sur, Managua (tel. country code 505, phone 266-6010). Letters mailed in the U.S. should be addressed to American Embassy Managua, APO AA 34021. Internet: http://www.usia.gov/posts/managua.html.

Other contact information

U.S. Department of Commerce

International Trade Administration

Trade Information Center

14th and Constitution, NW

Washington, DC 20230

Tel: 1-800-USA-TRADE

American Chamber of Commerce in Nicaragua

Apartado Postal 202

Managua, Nicaragua

Tel: 505-2-67-30-99

Fax: 505-2-67-30-98

Caribbean/Latin American Action

1818 N Street, NW, Suite 310

Washington, DC 20036

Tel: 202-466-7464

Fax: 202-822-0075

Travel and Business Information

The U.S. Department of State's Consular Information Program provides Consular Information Sheets, Travel Warnings, and Public Announcements. Consular Information Sheets exist for all countries and include information on entry requirements, currency regulations, health conditions, areas of instability, crime and security, political disturbances, and the addresses of the U.S. posts in the country. Travel Warnings are issued when the State Department recommends that Americans avoid travel to a certain country. Public Announcements are issued as a means to disseminate information quickly about terrorist threats and other relatively short-term conditions overseas which pose significant risks to the security of American travelers. Free copies of this information are available by calling the Bureau of Consular Affairs at 202-647-5225 or via the fax-on-demand system: 202-647-3000. Consular Information Sheets and Travel Warnings also are available on the Consular Affairs Internet home page: http://travel.state.gov. Consular Affairs Tips for Travelers publication series, which contain information on obtaining passports and planning a safe trip abroad are on the internet and hard copies can be purchased from the Superintendent of Documents, U.S. Government Printing Office, telephone: 202-512-1800; fax 202-512-2250.

Emergency information concerning Americans traveling abroad may be obtained from the Office of Overseas Citizens Services at (202) 647-5225. For after-hours emergencies, Sundays and holidays, call 202-647-4000.

Passport information can be obtained by calling the National Passport Information Center's automated system ($.35 per minute) or live operators 8 a.m. to 8 p.m. (EST) Monday-Friday ($1.05 per minute). The number is 1-900-225-5674 (TDD: 1-900-225-7778). Major credit card users (for a flat rate of $4.95) may call 1-888-362-8668 (TDD: 1-888-498-3648). It also is available on the internet.

Travelers can check the latest health information with the U.S. Centers for Disease Control and Prevention in Atlanta, Georgia. A hotline at 877-FYI-TRIP (877-394-8747) and a web site at http://www.cdc.gov/travel/index.htm give the most recent health advisories, immunization recommendations or requirements, and advice on food and drinking water safety for regions and countries. A booklet entitled Health Information for International Travel (HHS publication number CDC-95-8280) is available from the U.S. Government Printing Office, Washington, DC 20402, tel. (202) 512-1800.

Information on travel conditions, visa requirements, currency and customs regulations, legal holidays, and other items of interest to travelers also may be obtained before your departure from a country's embassy and/or consulates in the U.S. (for this country, see "Principal Government Officials" listing in this publication).

U.S. citizens who are long-term visitors or traveling in dangerous areas are encouraged to register at the U.S. embassy upon arrival in a country (see "Principal U.S. Embassy Officials" listing in this publication). This may help family members contact you in case of an emergency.

Further Electronic Information

Department of State Web Site. Available on the Internet at http://state.gov, the Department of State web site provides timely, global access to official U.S. foreign policy information, including  Background Notes; daily press briefings; Country Commercial Guides; directories of key officers of Foreign Service posts and more.

National Trade Data Bank (NTDB). Operated by the U.S. Department of Commerce, the NTDB contains a wealth of trade-related information. It is available on the Internet (www.stat-usa.gov) and on CD-ROM. Call the NTDB Help-Line at (202) 482-1986 for more information.

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Let's learn something about Central American countries from the State Department of the USA:

Nicaragua is an ideal country for developing Rural Agroindustrial Centers, Leucaena Effect Agroforestry, Tropical Food Production and Processin. Sustainable Economic Development through Sports Adventure Tourism, Ecotourism, and sustainable agriculture worldwide is the most important mission of the International Sports Adventure Institute, Inc.  Key components include SATReal Analysis, ECOSAT Design, and SATReal Tourism Project Consultancy.  As a Certified Family Business Enabler immigrants in the USA  work with their families back home to develop a successful business while maintaining their quality of Life in the USA.

Students from this country are invited to participate in the LEEAF Academy of Sustainable Development.  This Learning Center is being designed as a center for skills and information transfer in Enviroadventure as a part of Leucaena Effect Agroforestry skills.  Through HCSEC, online courses, on-site courses,  interactive distance learning courses, workshops, short courses, seminars, conferences, and symposiums. Skills to be learned include English for Economic Development,  sustainable development, halting global warming, agricultural tourism, ecotourism, tropical food production, soccer, Sports Adventure Tourism, Leucaena Effect Agroforestry, Caribbean Basin business, sports diversityexport and international business.

 

 

INFORMATION SOURCEBOOK

If you're thinking about investing in real estate with the profitable future of Central America and would like consulting, information, or just simple technical assistance on developing an Central American Real Estate investment program, the Compaņia de Deportes & Turismo (CODET) and Dr. Carol Cross can help you every step of the way. She can facilitate your real estate investing for equity, find you good quality business borrowers who simply need a syndication process, help you develop profitable joint ventures to own real estate, and locate properties that can appreciate in the future.

Let Dr. Cross help you set up your Central American real estate investment for Enviroadventure, Tropical FoodLeucaena Effect Agroforestry, Agricultural Tourism project, Ecotourism project, Soccer Tourism, Sports Adventure Tourism project), or Rural Agroindustrial Center in Honduras.

 

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Mailing Addresses after June 1, 2005 - Dr. Carol Cross, C/O Doņa Aleja de Valdivieso, Barrio El Centro, La Esperanza, Intibuca, Honduras honducopa@yahoo.com or exportfacs@aol.com Telephone 504 - 783 - 0421 

You May Also Contact Dr. Cross Through Doņa Silvia Palencia y Hijos, Hotel La Esperanza,  La Esperanza, Intibuca, Honduras  Telephone 504 - 783-0068 

Through Dr. Ramon Dario Argueta, CODET, Farmacia Galenica, Barrio El Morera, Frente Bazar Reyna, La Esperanza, Intibuca, Honduras, Telephone 504-783-0054 Email exportfacs@aol.com  

The International Institute of Soccer Tourism Is Opening in La Esperanza, Honduras in September 2005. IIST Understands The Problems of Soccer Tourism in Developing Countries. IIST Supports Soccer Tourism Professionals in Central America, South America, the Caribbean Islands, Africa and Asia 


ISAI Contact Information 

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The  International Sports Adventure Institute, Inc.  

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