The Nicaraguan Government passed its competition law in September 2007.  PROCOMPETENCIA is the competition agency that is currently being implemented by the Government of Nicaragua. Findings of Phase I of the Programme showed that price-setting agreements operate in the flour, oil and sugar markets, with direct implications for the purchasing power of the poor.

COMPAL II aims at creating the necessary basis for the institutional framework of PROCOMPETENCIA. This component is in direct link with the adaptation of the eight outputs that were prepared during COMPAL I regarding the functional and organizational structure of PROCOMPETENCIA, in accordance to the competition law and existing regulations in accordance to international practices. Similarly, this component will take into account the development and functionality of the decentralized processes that the current government is putting in place. Furthermore, it is envisaged to train the future personnel of the competition agency.

UNCTAD puts forward the first national objective:

"Establish an appropriate institutional framework in order to enforce the competition law in a fair and transparent manner "

Furthermore, as a means to deepen the organization of internal markets and in order to deal with the informal sector and the increasing asymmetry of information of the consumer, the following second national objective calls for:

"Promote a better functioning of the internal markets in order to ensure better serve consumers and business. Contribution to ensuring a more equitable distribution of goods and services, better quality and prices, through the implementation of Competition and Consumer Protection policies"

National Coordinators:

Mr. Luis Humberto Guzmán
President
PROCOMPETENCIA
Managua, Nicaragua

Mrs. Sara Amelia Rosales
Head of the General Direction of Competition and Market Transparency
Ministry of Industry and Commerce
Managua, Nicaragua

See the activities with Nicaragua in the COMPAL Extranet (for members only)