Lake Managua Lake Managua Lake Managua () (also known as Lake Xolotlán) (located at ) is a lake in Nicaragua. The Spanish name is Lago de Managua or Lago Xolotlán. At 1,042 km², it is approximately long and wide. Similarly to the name of Lake Nicaragua, its name was coined by the Spanish conquerors from "Mangue" (their name for the Mánkeme tribes) and "agua" ("water"). The city of Managua, the capital of Nicaragua, lies on its southwestern shore. The level of Lake Managua raises significantly during the periods of heavy rain. The highest water level was recorded during the flooding of 1933.
Managua and its economy. To make matters worse, a series of natural disasters, including Hurricane Mitch in 1998, made economic recovery more difficult. After winning the presidential election in 1990, the National Opposition Union began the reconstruction of Managua began in earnest. More than 300,000 Nicaraguans returned from abroad bringing their expertise and needed capital. Businesses mushroomed, new housing projects and schools were constructed, the airport was expanded and modernized, streets were widened, older malls were repaired and new ones were built, and buildings were cleaned up. In 2006, after the Sandinista National Liberation Front came back into power, literacy, health