Nicaragua: Fifth and Sixth Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver and Modification of Performance Criteria, and Financing Assurances Review
November 4, 2004
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This paper focuses on Nicaragua’s Fifth and Sixth Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver and Modification of Performance Criteria. The macroeconomic performance has been broadly satisfactory. Economic growth is accelerating; inflation, albeit somewhat higher owing to increased oil prices, remains under control; and official reserves are above program targets. The performance criterion on public savings and all indicative fiscal targets were missed in late 2003, but the March 2004 targets were met and measures have been taken to keep the program on track.
Subject: Banking, Debt service, Economic sectors, Expenditure, External debt, Public debt, Public sector, Revenue administration
Keywords: authority, CR, Debt service, Global, government's priority, IMF-World Bank Financial Sector Assessment Program, ISCR, Nicaraguan authorities, PRGF, PRGF arrangement, Public sector, WB staff
Pages:
95
Volume:
2004
DOI:
Issue:
347
Series:
Country Report No. 2004/347
Stock No:
1NICEA0052004
ISBN:
9781451829235
ISSN:
1934-7685
