Part 611

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

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: President Arnoldo ALEMAN Lacayo (10 January 1997); Vice President Enrique BOLANOS Geyer (10 January 1997) head of government: President Arnoldo ALEMAN Lacayo (10 January 1997); Vice President Enrique BOLANOS Geyer (10 January 1997) cabinet: Cabinet elections: president elected by popular vote for a five-year term; election last held 20 October 1996 (next to be held NA 2001); note - in July 1995 the term of the office of the president was amended to five years election results: Arnoldo ALEMAN Lacayo (Liberal Alliance) 51.03%, Daniel ORTEGA Saavedra (FSLN) 37.75%, Guillermo OSORNO (Nicaraguan Christian Path - CNN) 4.10%, Noel VIDAURRE (Nicaraguan Conservative Party - PCN) 2.26%, Benjamin LANZAS (National Project) 0.53%, others (18 other candidates) remaining 4.33%

Legislative branch: unicameral National Assembly or Asamblea Nacional (93 seats; members are elected by proportional representation to serve five-year terms) elections: last held 20 October 1996 (next to be held NA 2001) election results: percent of vote by party - Liberal Alliance (ruling party - includes PLC, PALI, PLIUN, and PUCA) 46.03%, Sandinista National Liberation Front (FSLN) 36.55%, Nicaraguan Christian Road Party (PCCN) 3.73%, Nicaraguan Conservative Party (PCN) 2.12%, Sandinista Renovation Movement (MRS) 1.33%; seats by party - Liberal Alliance 42, FSLN 36, PCCN 4, PCN 3, PRONAL 2, MRS 1, PRN 1, PNC 1, PLI 1, AU 1, UNO-96 Alliance 1

Judicial branch: Supreme Court (Corte Suprema), 12 judges elected for a seven-year term by the National Assembly

Political parties and leaders: right: Nicaraguan Party of the Christian Road (PCCN), Guillermo OSORNO, Roberto RODRIGUEZ; Liberal Constitutionalist Party (PLC), NA; Independent Liberal Party for National Unity (PLIUN), Carlos GUERRA Gallardo; National Conservative Party (PNC), Adolfo CALERO, Noel VIDAURRE; Nationalist Liberal Party (PLN), Enrique SANCHEZ center right: Neoliberal Party (PALI), Ricardo VEGA Garcia; Nicaraguan Resistance Party (PRN), Enrique QUINONEZ; Independent Liberal Party (PLI), Wilfredo NAVARRO; National Project (PRONAL), Antonio LACAYO Oyanguren; Conservative Action Movement (MAC), Hernaldo ZUNIYA center left: Sandinista Renovation Movement (MRS), Sergio RAMIREZ; Social Democratic Party (PSD), Adolfo JARQUIN; Social Christian Party (PSC), Erick RAMIREZ; Movement for Revolutionary Unity (MUR), NA; Central American Integrationist Party (PIAC), NA; Unity Alliance (AU), Alejandro SERRANO; Conservative Party of Nicaragua (PCN), Dr. Fernando AGUERO Rocha; National Democratic Party (PND), Alfredo CESAR Aguirre; Central American Unionist Party (PUCA), Blanca ROJAS Echaverry; UNO-96 Alliance, Alfredo CESAR Aguirre; Nicaraguan Democratic Movement (MDN), Alfredo GUZMAN left: Sandinista National Liberation Front (FSLN), Daniel ORTEGA Saavedra

Political pressure groups and leaders: 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, WHO, WIPO, WMO, WToO, WTrO

Diplomatic representation in the US: chief of mission: Ambassador Francisco AGUIRRE Sacasa 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

Diplomatic representation from the US: chief of mission: Ambassador Luis GUTIERREZ 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 description: 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

Economy - 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 reduced inflation and obtained 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 dropped to roughly 11% in 1994-96. Economic growth rose sharply in 1995-96, thanks to surges in most export categories. 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 1996 as Nicaragua reached an agreement with Russia, reducing Nicaragua's debt by $3.3 billion. Debt reduction agreements with Paris Club creditors and rescheduling with Latin American creditors also took place. Unemployment remains a pressing problem, however, with roughly half the country's work force unemployed or underemployed.

GDP: purchasing power parity - $7.7 billion (1996 est.)

GDP - real growth rate: 5.5% (1996 est.)

GDP - per capita: purchasing power parity - $1,800 (1996 est.)

GDP - composition by sector: agriculture: 34% industry: 21% services: 45% (1995)

Inflation rate - consumer price index: 11% (1996)

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

Unemployment rate: 16%; underemployment 36% (1996 est.)

Budget: revenues: $389 million expenditures: $551 million, including capital expenditures of $NA (1996 est.)

Industries: food processing, chemicals, metal products, textiles, clothing, petroleum refining and distribution, beverages, footwear

Industrial production growth rate: 1.4% (1994 est.)

Electricity - capacity: 417,700 kW (1995)