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Pastrán Report IP Bulletin Tuesday, January 25, 2022 HIGH APPROVAL TO THE MANAGEMENT OF THE GOVERNMENT Pastrán Report
… RELATIONSHIP WITH CHINA GENERATES A LOT OF OPTIMISM… The general manager of M&R Consultores highlighted that, in this month's survey sample, “78.9% say that these relations give them a lot of hope, one of the issues that arises with this is the Interoceanic Canal. There are expectations that this can be resumed”… “75.3 percent maintain that the construction would cause optimism, 78.3 percent indicated that it will bring benefits to Nicaragua, in addition 76.2 percent say that Nicaraguans want it to be built and 55.5 percent values ​​that the owners of the properties where it is going to pass, will be benefited”, he underlined… Regarding the relationship with China, citizens value 69% positive, with Russia 66.2%, the European Union 60% and United States 47%…

… REMITTANCES INCREASED 16%, ADDING US$ 2,146.9… The Central Bank of Nicaragua published today the “Remittances Report” corresponding to the IV quarter of 2021, which indicates that the flow of remittances entering the economy in said period continued to register a trend with respect to 2020, when totaling 589.6 million dollars, higher by 80.9 million (15.9% growth) compared to the same period of 2020 (US$ 508.7 million)… With the previous result, the flow of remittances received in 2021 totaled 2,146.9 million dollars, registering an increase of 295.5 million (16.0% growth) with respect to the flow entered in 2020 (US$ 1,851.4 million)…

… SOURCES OF REMITTANCES… The main sources of origin of remittances received in the year continued to be: the United States with 63.8 percent, followed by Spain (14.1%), Costa Rica (12.5%), Panama (3.2%), and Canada (1.4%), among others… In the year, remittances from the United States were received in the amount of 1,370.4 million dollars, being 259.2 million higher (23.3% growth) compared to 2020 (US$1,111.2 million). For their part, remittances from Spain were 301.7 million dollars, which meant an increase of 30.2 million, equivalent to 11.1 percent in year-on-year terms (US$ 271.5 million in 2020)...

… REMITTANCES FELL FROM COSTA RICA AND PANAMA… Flows from Costa Rica totaled 268.7 million dollars, which meant 1.4 million less (-0.5%) than what was received in 2020 (US$ 270.1 million). In relation to remittances from Canada (US$ 30.6 million) and El Salvador (US$ 12.9 million), these registered interannual growth of 29.7 and 5.7 percent, respectively; while those from Panama (US$ 69.9 million) showed a decrease of 2.8 percent (US$ 71.6 million)…

… MANAGUA WHERE MOST REMITTANCES REMAIN… In relation to the departmental distribution of the flow of remittances received in the year, 71.0 percent was concentrated in 6 departments of the country: Managua (30.1%), Chinandega (10.2%), Matagalpa (8.9 %), Estelí (8.4%), León (7.4%) and Nueva Segovia (6.0%)…