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raguan Workers Central or CTN-A; Confederation of Labor Unification or CUS; Independent General Confederation of Labor or CGT-I; and Labor Action and Unity Central or CAUS; Nicaraguan Workers' Central or CTN is an independent labor union; Superior Council of Private Enterprise or 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, ISO (correspondent), ITU, LAES, LAIA (observer), NAM, OAS, OPANAL, OPCW, 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 FAX: (202) 939-6542 consulate(s) general: Houston, Los Angeles, Miami, New Orleans, New York Diplomatic representation from the US: chief of mission: Ambassador Oliver P. GARZA embassy: Kilometer 4.5 Carretera Sur, Managua mailing address: APO AA 34021 telephone: (2) 662298, 666010, 666012, 666013, 666015, 666018, 666026, 666027, 666032, 666033 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 @Nicaragua:Economy Economy - overview: Nicaragua is one of the hemisphere's poorest countries, with low per capita income, flagging socio-economic indicators, and huge external debt. The country has made significant progress toward macro-economic stabilization over the past few years - even with the damage caused by Hurricane Mitch in the fall of 1998. International aid, debt relief, and continued foreign investment have contributed to the stabilization process. GDP grew 6.3% in 1999, while inflation remained about 12%, and unemployment dropped. Nicaragua may qualify for the Highly Indebted Poor Countries (HIPC) initiative, though aid is conditioned on improving governability, the openness of
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