Tourism continues growing as a major foreign exchange earner for the country. Last year, 773,000 tourists arrived, bringing in more than $230 million. Percentage projections for further growth this year are modest. It is expected that more than 800,000 visitors will come to Nicaragua’s shores, resulting in earnings of over $260 million.
The Nicaraguan Chamber of Small and Medium Tourism Industry (CANTUR) recently presented a plan for development in the North Atlantic Autonomous Region (RAAN). It includes proposals for beachgoers, eco and adventure tourists, and ethnic-rural-community tourism, taking advantage of that region’s wide variety of offerings that include jungle rivers, mountainous rainforest, pristine coastlines, pine forests, Caribbean islets, and first peoples’ villages.
The Chamber estimates that investments totaling $335 million would be needed. So far, however, they know not from where such funding would come. Initially, it is suggested that international development agencies that have committed themselves to aiding small and medium business as part of their global plans to reduce poverty might be forthcoming. This, proponents say, could be done with a kind of trust fund that would eliminate the middle-manning of traditional financing bodies, like banks, that charge exorbitant interest rates on loans for development.
Meanwhile, the north-central region is the target of just over $5 million in seed funding from the Grand Duchy of Luxembourg to grow the project for a Coffee Tourism Route in five departments of the country. There are some extremely beautiful areas apt for tourism in this zone, which sadly has so far not seen any of the benefits of the boom occurring since the turn of the century.
Posted in Previous Issues, Issue 19: June - August 2007 | No Comments »
Tags: Between, magazine, nicaragua, the, Waves



