GOBIERNO DE ESPAÑA Sistema Económico Latinoamericano y del Caribe Latin American and Caribbean Economic System Sistema Econômico Latino-Americano e do Caribe Système Economique Latinoaméricain et Caribéen Inversión extranjera en Nicaragua Margarita Talavera R. Directora de Promoción de Inversiones PRONicaragua Taller de la UNCTAD Promoción de Inversiones para el Desarrollo Económico y Social de América Latina y el Caribe Caracas, Venezuela 4 al 7 de noviembre de 2008 SP/UNCTAD-TPIDESALC/Di N 12-08
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Agenda Agency Presentation Objective Impact of FDI Organizational Structure Areas of Focus
PRONicaragua: Investment Promotion Agency Complementary Support Services Country information: general information, incentives, cost information, and regulatory information. Staff Customized site visits to Nicaragua Start up services and investment facilitation Your companyʹs office in Nicaragua Bilingual investment promotion professionals Internationally trained management Local expertise to help get your projects implemented
Objective Attract quality investment projects that: Promote the sustainable growth of the economy, human resource develpment, the transfer of technology and linkages with local companies Generate jobs Implement social responsibility programs with their workers and the communities they operate in Respect the environment
Impact of FDI The new investments need to have a positive impact at a macroeconomic level, and also a direct impact in the population given its multiplying effect, which can be reflected and valued through the changes in: Quality of life of workers Development in the communities The quality of jobs that are being created Gender equity
Organizational Structure Special Commission for Private Investment
Main Areas of Focus 1. Market Intelligence & Comunication 2. Investment Promotion 3. Regional Development 4. Aftercare
Market Intelligence and Communications Department News monitoring (international, regional and local) Subscription and Training for research tools Research and update of key macroeconomic country data Monitoring of Risk Indexes/ Competitiveness/ Doing Business Indexes PR Campaign (local and international) Development of Promotional Material
Investment Promotion Department Develop investment promotion strategy based on thorough research Organize and participate in roadshows to promote investment opportunities in specific sectors Participate in tradeshows to build Nicaragua s image Facilitate general and personalized information to potencial qualified investors Facilitate key private and public sector contacts Coordinate tailormade site visit agendas based on the specific needs of each company Provide support during the evaluation, decision of investment and reinvestment projects
Prioritized Sectors 1. Textiles & Apparel 2. Assembly and Manufacturing 3. Tourism 4. Contact Centers y BPO 5. Agribusiness and Forestry 6. Energy and Infrastructure
Regional Development Diversify the investment destination within the national territory Gather economic and demographic information about regions and develop a uniform strategy with municipalities to attract investment in areas that go in hand with regional development goals Create a wide network with municipal government and institutions Promote and facilitate linkages
Aftercare Facilitate the establishment of confirmed projects Support investors through any obstacle they may find during the establishment and operation of their projects Generate reinvestment projects Manage the interinstitutional relationships of the Agency Manage and monitor the Government Investor Network Develop tools to foster a better communication between Government and Investors Establish a channel to provide direct feedback to Government in improvement of the investment climate
Thank you