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/Editor:

International Monetary Fund

Publication Date:

December 21, 2010

Electronic Access:

Free Full Text (PDF file size is 883 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 10/376

Subject:

English

Publication Date:

December 21, 2010

ISBN/ISSN:

9781455212972/1934-7685

Stock No:

1NICEA2010003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

64

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