Cover IMF Staff Country Reports
Nicaragua: Fourth and Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Requests for Extension of the Arrangement, Rephasing of Access, and Waiver of Nonobservance of Performance of Criterion, and Financing Assurances Review-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nicaragua
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2010: Issue 376
Language:
English
Publication Date:
21 Dec 2010
DOI:
https://doi.org/10.5089/9781455212972.002
ISBN:
9781455212972
ISSN:
1934-7685
Pages:
64
Keywords:
ISCR; CR; waiver of nonobservance of performance criterion; Three-Year arrangement; Three-Year; waiver; authority; growth potential; requests for extension of the arrangement; Nicaraguan authorities; Aid flows; Government debt management; Global; Central America
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Economic performance in Nicaragua has been better than envisaged; nonetheless, vulnerabilities remain and will be compounded by electoral uncertainties. The decision to use part of the strong revenue performance to lower the fiscal deficit is appropriate. Exchange-rate and monetary policy remain broadly adequate. Fiscal adjustment should set the stage for a strong program of fiscal consolidation following the elections. Continued vigilance in the financial sector will be critical. Improvement in reporting and monitoring of foreign aid flows and transparency is necessary.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2010: Issue 376