Nicaragua: First and Second Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria

November 10, 2003

Summary

The Financial Sector Assessment Program (FSAP) program has been brought back on track, after some difficulties, in early 2003 (which led to a delay in completing the first review). Although a start has been made in strengthening the banking sector, significant further work is needed. The central bank’s asset recovery plan is being implemented, despite strong opposition from vested interests. The authorities reaffirmed their commitment to their growth and poverty-reducing strategy presented in the December 2002 Poverty Reduction Strategy Paper (PRSP) progress report.

Subject: Banking, Debt service, Economic sectors, External debt, National accounts, Poverty reduction strategy, Public debt, Public sector, Public sector savings, Revenue administration

Keywords: asset, asset recovery plan, Central America, CR, Debt service, debtor loan, government, ISCR, loan, Public sector, Public sector savings, recovery program, reform agenda, staff appraisal

Pages:
66
Volume:
2003
DOI:
https://doi.org/10.5089/9781451829198.002
Issue:
349
Series:
Country Report No. 2003/349
Stock No:
1NICEA0022003
ISBN:
9781451829198
ISSN:
1934-7685

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