Nicaragua : Seventh Review Under the Extended Credit Facility and Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nicaragua

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Nicaragua : Seventh Review Under the Extended Credit Facility and Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nicaragua
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Volume/Issue:
2011/322
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
November 2011
DOI:
http://dx.doi.org/10.5089/9781463924584.002
ISBN:
9781463924584
ISSN:
1934-7685
Page:
69
The Nicaraguan economy continued to post robust growth in the first half of 2011. The Seventh Review Under the Extended Credit Facility (ECF) and Financing Assurances Review highlights that all quantitative performance criteria for end-June 2011 were met and the structural agenda is broadly on track. The fiscal performance of the central government was stronger than envisaged. The deficit in the external current account is projected to remain large and to be financed by resilient capital flows.
Article

IMF Executive Board Completes Seventh and Final Review of Nicaragua’s Extended Credit Facility and Approves US$8.74 Million Disbursement

Author(s):
International Monetary Fund
Published Date:
November 2011
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