Nicaragua : Staff Report for the 2002 Article IV Consultation and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility and for Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries

Author/Editor:

International Monetary Fund

Publication Date:

February 10, 2003

Electronic Access:

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Summary:

This paper assesses Nicaragua’s 2002 Article IV Consultation and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and for Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). A key program objective is medium-term fiscal sustainability. This will require a significant reduction of primary spending, while protecting poverty-reducing outlays, and an increase in tax revenues. The IMF staff recommends that the authorities’ request for a new three-year PRGF arrangement and interim HIPC assistance be approved.

Series:

Country Report No. 03/24

Subject:

English

Publication Date:

February 10, 2003

ISBN/ISSN:

9781451829150/1934-7685

Stock No:

1NICEA0012003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

106

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