(posted April 23, 1:00 p.m.)- After helping deliver monstrous 91% growth in foreign-direct investment in 2011, Nicaragua’s investment-promotion agency ProNicaragua was rewarded for its hard work by being named the top investment-promotion agency in the world, according to Global Investment Promotion Benchmarking (GIPB), a comparative study put out by the World Bank, the International Finance Corporation and the Multilateral Investment Guarantee Agency.

Of 189 investment-promotion agencies evaluated on a global level, ProNicaragua was the only one in the world to receive “Best Practice” ratings in all three categories: “Overall Performance;” “Inquiry Handling Performance” and “Website Performance.”

Gen. Alvaro Baltodano

The GIPB study evaluates each agencies’ activities to promote investment, facilitate investment and provide detailed, precise, and necessary information to investors to establish a business in that country.

“ProNicaragua is an example for all investment-promotion agencies in the world in terms of best practices in facilitating investment,” said Joe Phillips, the head consultant for the group that conducted the global study.

Gen. Alvaro Baltodano, presidential delegate for foreign investment, said the honorific is, “An achievement for the people of Nicaragua, because it demonstrates that there is a national consensus about the importance of investment for the country, which generates employment for Nicaraguans and energizes the national economy.”

In 2009, ProNicaragua’s second-best year in the GIPB ranking, the Nicaraguan investment-promotion agency finished second in Latin America and 11thoverall worldwide. This year’s results were announced last Friday in  Doha, Qatar, and today in Managua.

Read the Nicaragua Dispatch’s recent two-part series on ProNicaragua’s performance last yearhere and here.