Surviving… Everything
I’m here in Nicaragua, a country that was once devastated by an earthquake and then a revolution that changed it from one of the richest countries in Latin America to one of the poorest. But gradually over the years the economic devastation that took place after all the seizures and confiscations was repaired by a population that is resilient and hardworking and fundamentally conservative.
We started our business here about 25 years ago and saw economic progress every year thereafter, regardless of politics, until turmoil two years ago scared away some tourists and then the COVID crisis scared away some more. Our own $100 million investment in Nicaragua, Rancho Santana, has so far survived the collapse. And now that spring is approaching, I’m seeing signs of rejuvenation, not just in our business but in hundreds of small enterprises that are popping up all over the place, such as this structure, meant to be a B&B, about a mile from our resort.