Part 542

Name of country: conventional long form: Republic of Nicaragua conventional short form: Nicaragua local long form: Republica de Nicaragua local short form: Nicaragua

Data code: NU

Type of government: republic

Capital: Managua

Administrative divisions: 15 departments (departamentos, singular - departamento), 2 autonomous regions* (regions autonomista, singular - region autonomista); Boaco, Carazo, Chinandega, Chontales, Esteli, Granada, Jinotega, Leon, Madriz, Managua, Masaya, Matagalpa, Nueva Segovia, Atlantica Norte*, Atlantica Sur*, Rio San Juan, Rivas

Independence: 15 September 1821 (from Spain)

National holiday: Independence Day, 15 September (1821)

Constitution: 9 January 1987

Legal system: civil law system; Supreme Court may review administrative acts

Suffrage: 16 years of age; universal

Executive branch: chief of state and head of government: President Violeta Barrios de CHAMORRO (since 25 April 1990) was elected for a six-year term (amended to a five-year term in July 1995) by universal suffrage; Vice President Julia MENA Rivera (since 22 October 1995) replaced Virgilio GODOY, who resigned to run for the presidency in 1996 as required by law; election last held 25 February 1990 (next to be held 20 October 1996); results - Violeta Barrios de CHAMORRO (UNO) 54.7%, Daniel ORTEGA Saavedra (FSLN) 40.8%, other 4.5% cabinet: Cabinet

Legislative branch: unicameral National Assembly (Asamblea Nacional): elections last held 25 February 1990 (next to be held NA October 1996); results - UNO coalition 53.9%, Sandinista bloc 40.8%, PSC 1.6%, MUR 1.0%; seats - (92 total) UNO coalition 53 (Center Group 9, UDC 6, PSD 5, APC 5, PLC 5, PLI 4, PND 3, PAN 3, PNC 3, MDN 2, PCdeN 2, independents 6) and Sandinista bloc 39 (MRS 16, BUS-Sandinista 9, FSLN 8, Sandinista Group of Reflection 4, FSLN-independents 2)

Judicial branch: Supreme Court (Corte Suprema), judges elected for a six-year term (amended to a seven-year term in July 1995) by the National Assembly

Political parties and leaders: right: Liberal Constitutionalist Party (PLC), Arnold ALEMAN; Conservative Popular Alliance Party (APC), Myriam ARGUELLO; Independent Liberal Party for National Unity (PLIUN), Carlos GUERRA Gallardo; Conservative Action Movement (MAC); Conservative Party of Nicaragua (PCN - formed in 1992 by the merger of the Conservative Social Party or PSC with the Democratic Conservative Party or PCD and the Conservative party of Labor or PCL), Fernando AGUERO; National Conservative Party (PNC), Adolfo CALERO, Noel VIDUARRE center right: Neoliberal Party (PALI), Ricardo VEGA Garcia; Nicaraguan Resistance Party (PRN), Fabio GADEA, Enrique QUINONEZ; Independent Liberal Party (PLI), Wilfredo NAVARRO; National Project (PRONAL), Antonio LACAYO Oyanguren; Nicaraguan Democratic Alliance Party (PADENIC), Pedro MAYORGA Knilands; Nationalist Liberal Party (PLN), Roberto CASTILLO Quant; Party for Liberal Unity (PUL), Haroldo MONTEALEGRE; Fuerza '96, Francesco MAYORGA center left: Christian Democratic Union (UDC), Luis Humberto GUZMAN; Nicaraguan Democratic Movement (MDN), Alfredo GUZMAN; Social Democratic Party (PSD), Adolfo JARQUIN; National Justice Party (PJN), Jorge DIAZ Cruz; National Action Party (PAN), Delvis MONTIEL; Renovating Action Movement (MAR), Pablo HERNANDEZ; Sandinista Renovation Movement (MRS), Sergio RAMIREZ; Social Christian Party (PCS), Erick RAMIREZ; Democratic Action Party (PAD), Eden PASTORA; "Up with Nicaragua" (Arriba Nicaragua), Alvaro ROBELO; National Democratic Party (PND), Alfredo CESAR Aquirre; Communist Party of Nicaragua (PCdeN), Eli ALTIMIRANO Perez left: Sandinista National Liberation Front (FSLN), Daniel ORTEGA; Revolutionary Workers' Party (PRT), Bonifacio MIRANDA; Popular Action Movement-Marxist-Leninist (MAP-ML), Isidro TELLEZ; Nicaraguan Socialist Party (PSN), Gustavo TABLADA; Unidad Nicaraguense de Obreros, Campesinos, y Profesionales (UNOCP), Rosalio GONZALEZ Urbina; Central American Unionist Party (PUCA), Blanca ROJAS Echaverry note: the UNO coalition that won the 1990 elections no longer exists; the different blocs that formerly were united under the UNO umbrella and their opposition to the Sandinistas now act and vote independently

Other political or pressure groups: National Workers Front (FNT) is a Sandinista umbrella group of eight labor unions: Sandinista Workers' Central (CST); Farm Workers Association (ATC); Health Workers Federation (FETASALUD); National Union of Employees (UNE); National Association of Educators of Nicaragua (ANDEN); Union of Journalists of Nicaragua (UPN); Heroes and Martyrs Confederation of Professional Associations (CONAPRO); and the National Union of Farmers and Ranchers (UNAG); Permanent Congress of Workers (CPT) is an umbrella group of four non-Sandinista labor unions: Confederation of Labor Unification (CUS); Autonomous Nicaraguan Workers' Central (CTN-A); Independent General Confederation of Labor (CGT-I); and Labor Action and Unity Central (CAUS); Nicaraguan Workers' Central (CTN) is an independent labor union; Superior Council of Private Enterprise (COSEP) is a confederation of business groups

International organization participation: BCIE, CACM, ECLAC, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Intelsat, Interpol, IOC, IOM, ITU, LAES, LAIA (observer), NAM, OAS, OPANAL, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO

Diplomatic representation in US: chief of mission: Ambassador Roberto Genaro MAYORGA Cortes chancery: 1627 New Hampshire Avenue NW, Washington, DC 20009 telephone: (202) 939-6570 consulate(s) general: Houston, Los Angeles, Miami, New Orleans, New York, San Francisco

US diplomatic representation: chief of mission: Ambassador John F. MAISTO embassy: Kilometer 4.5 Carretera Sur., Managua mailing address: APO AA 34021 telephone: (2) 666010 through 666013, 666015 through 18, 666026, 666027, 666032 through 33 FAX: (2) 669074

Flag: three equal horizontal bands of blue (top), white, and blue with the national coat of arms centered in the white band; the coat of arms features a triangle encircled by the words REPUBLICA DE NICARAGUA on the top and AMERICA CENTRAL on the bottom; similar to the flag of El Salvador, which features a round emblem encircled by the words REPUBLICA DE EL SALVADOR EN LA AMERICA CENTRAL centered in the white band; also similar to the flag of Honduras, which has five blue stars arranged in an X pattern centered in the white band

Economy -------

Economic overview: The Nicaraguan economy, devastated during the 1980s by economic mismanagement and civil war, is beginning to rebound. Since March 1991, when President CHAMORRO launched an ambitious economic stabilization program, Nicaragua has had considerable success in reducing inflation and obtaining substantial economic aid from abroad. Annual inflation fell from more than 750% in 1991 to less than 5% in 1992. After rising again to an estimated 20% in 1993, the annual inflation rate was 11.7% in 1994 and 11.4% in 1995. While economic growth was flat in 1992 and negative in 1993, the 1995 growth rate is about 4%, thanks to surges in most export categories. Recent legislation (November 1995) authorizing the privatization of the TELCOR telecommunications company and resolving the issue of property confiscated by the previous Sandinista government may reassure potential investors. The government's efforts to liberalize trade include a December 1995 decision to stop requiring exporters to bring their foreign exchange earnings into Nicaragua. On the debt front, the Nicaraguan Government launched a successful debt buyback program in 1995, purchasing 73% of its $1.373 billion commercial debt inherited from previous governments. Progress also occurred on reducing bilateral debt in November 1995 as Nicaragua reached an agreement with Germany, reducing Nicaragua's $616 million debt to the former GDR by 80%. Debt reduction agreements with Paris Club creditors and rescheduling with the US also took place. Unemployment remains a pressing problem, however, with roughly half the country's population unemployed or underemployed.

GDP: purchasing power parity - $7.1 billion (1995 est.)

GDP real growth rate: 4.2% (1995 est.)

GDP per capita: $1,700 (1995 est.)

GDP composition by sector: agriculture: NA% industry: NA% services: NA%

Inflation rate (consumer prices): 11.4% (1995 est.)

Labor force: 1.086 million by occupation: services 43%, agriculture 44%, industry 13% (1986)

Unemployment rate: 20% substantial underemployment (1995 est.)