Managua center and a generator of services for the majority of the nation. The city, with a population exceeding one million inhabitants, houses many large national and international businesses. It is home to many factories which produce diverse products. Multinational companies such as Wal-Mart, Telefonica, Union Fenosa, and Parmalat have offices and operations in Managua. The city's chief products include beer, coffee, pharmaceuticals, textiles, shoes, matches, construction products, etc. Her main trading products are beef, coffee, cotton, and other crops. Managua is also Nicaragua's main political, social, cultural, educational and economic hub. At the same time, the city is served by
American Capital of Culture American Capital of Culture The non-governmental organization American Capital of Culture Organization selects one city in the Americas annually to serve as the American Capital of Culture for a period of one year. The organization claims the initiative is based closely on the European Capital of Culture program; it enjoys the backing of the Organization of American States, but the OAS is not involved in the selection process. The American Capital of Culture initiative was born in 1997 and is aimed at all the countries of the Americas ("América" in Portuguese and in Spanish, the main language of most of