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While accusing "the oligarchy of destroying the economy in the name of institutionalization", the head of the Ministry of Finance and Public Credit, Iván Acosta, admitted that the socio-economic crisis The country's 78-day policy has led to the loss of 250,000 jobs and puts more than one million Nicaraguans at risk of falling into poverty.
Read also: The intransigence of Daniel Ortega has 1.3 million Nicaraguans at the edge of poverty
"More than a million people will go into poverty and they will thank the coup leaders who lost their jobs in restaurants, commerce, logistics and even selling ice water, because there are dams and this has a terrible impact on the economy, "said Acosta to an official party, but at no time refers to the refusal of his government to open a debate for the democratization of the country, which is the demand of the population and the one million sector at the edge of poverty
According to the Minister, since Daniel Ortega came to power in 2007 before the start of the crisis, poverty had been reduced from 48 to 24%. In recent years, several economists have criticized and even questioned poverty reduction figures as "magical" and therefore vulnerable.
But the government admits up to now the fragility of these achievements that he has so much vaunted. "This 24% represented a risk because these people were still very close, very vulnerable" of the scourge and the impact that the crisis of the economy caused will make them poor.
You can also read: Funides: Nicaragua's economy will record its worst fall since 1978
"The country definitely had good internationally recognized figures, extreme poverty had been reduced to 6.8%, but that also goes deteriorate and this is known to those who are sitting in the dialogue, that is what know the groups who have been in the coup, because they are ready to do everything because 'electorally they do not have support, "said Acosta.
The official added that on May 18, one month after the crisis, 2 percentage points of gross domestic product (GDP) were lost. "And every point of GDP is thirty thousand jobs that will not be produced.If you lose 5 or more points, it's a terrible impact," Acosta said while recalling that the recovery of these losses will be very difficult, it is therefore urgent to find a solution to the crisis
Since April 18, date of the beginning of the socio-political crisis that the country is going through and where the government repression has left more than three hundred dead, thousands injured and millions of economic losses, only in the tourism sector and services have lost some sixty thousand jobs.
The official also detailed that until the end of June were counted "182 million dollars in destruction of buildings, construction equipment, office furniture that were lost through vandalism"
You can also read: SICA calls for the immediate cessation of violence and respect for human rights in Nicaragua
At the same time, Acosta added that despite this, the obierno remained upright, guaranteeing exports , imports and all operations of the country.
Figures coincide
Data on the effects on the economy presented by the Ministry of Finance and Public Credit coincide with those of the Nicaraguan Foundation for Economic and Social Development ( Funides), which until last week has calculated the loss of 215 thousand jobs. That would have left 131,000 Nicaraguans falling into poverty and keeping 1.3 million people on the brink.
Funides also warned that if the crisis ends at the end of this month, $ 637.9 million will be lost and gross domestic product (GDP) will drop by 0.03%.
You can also read: The government of Daniel Ortega leaves the economy of Nicaragua about to fall this year
and projects that if the crisis persists the rest of the year, the losses will fall. Will rise to $ 1,399.9 million and the contraction in GDP will be 5.6%.
You can not give credit to the political sectors that are very involved in this blow to stability, to the economy, that constitutional blow that is hurting the state in which they are willing to destroy the country in the name of institutionality. "
Iván Acosta, Minister of Finance and Public Credit
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