At a Glance - Nicaragua and the IMF


updated: May 2008
  • Nicaragua joined the IMF on March 14, 1946
  • The IMF opened the Resident Representative Office in Nicaragua in 1994. Currently, the Resident Representative is Mr. Humberto E. Arbulú Neira.
  • The country appointed Central Bank president Antenor Rosales as its Governor of the IMF. For more information on Nicaragua's Governor, quota, and voting power, see IMF Members' Quotas and Voting Power, and IMF Board of Governors
  • For representation and voting purposes, Nicaragua joins membership with group that also includes Venezuela, Costa Rica, El Salvador, Guatemala, Honduras, Mexico and Spain. For more information on Nicaragua's constituency and its Director, see IMF Executive Directors and Voting Power
  • Under the Heavily Indebted Poor Countries (HIPC) Initiative, Nicaragua reached the decision point on December 2000 and the completion point on January 2004. Recently, the country was eligible for the Multilateral Debt Relief Initiative (MDRI).
  • In February 2005, Nicaragua formally joined the IMF's General Data Dissemination System, thus pledging to follow the international standards and codes, and to provide information about the procedures for the production and dissemination of economic, financial, social and demographic data.

Technical Assistance

The IMF has provided Nicaragua with technical assistance in the areas of tax policy and administration, monetary and foreign exchange operations, central banking, bank restructuring and supervision, economic statistics, and tax administration.

Financial Assistance

IMF financial resources have been made available to Nicaragua on four occasions since 1991 to support the economic and financial programs of the authorities (See table below)



(In Thousands of SDRs)
Facility Date of Arrangement Date of Expiration or Cancellation Amount Agreed Amount Drawn Amount Otstanding
PRGF Commitments Oct 05, 2007 Oct 04, 2010 71,500 11,900 11,900
PRGF Commitments Dec 13, 2002 Dec 12, 2006 97,500 97,500 41,780
PRGF Commitments Mar 18, 1998 Mar 17, 2002 148,955 115,320 0
PRGF Commitments Jun 24, 1994 Jun 23, 1997 120,120 20,020 0
Standby Arrangement Sep 18, 1991 Mar 17, 1993 40,860 17,030 0
Total 478,935 261,770 53,680

For updated information, see table on Nicaragua's financial position in the Fund.