Nicaragua : Staff Report for the 2005 Article IV Consultation, Seventh, Eighth, and Ninth Reviews Under the Three Year Arrangement Under the Poverty Reduction and Growth Facility, Requests for Rephasing and Waiver of Performance Criteria, Financing Assurances Review, and Request for Extension of the Arrangement

Author/Editor:

International Monetary Fund

Publication Date:

May 16, 2006

Electronic Access:

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Summary:

This paper discusses Nicaragua’s 2005 Article IV Consultation and Seventh, Eighth, and Ninth Reviews Under the Three Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). The economy continued to perform well, notwithstanding pressure from higher oil prices. Strong performance under the program in 2003–04 allowed Nicaragua to reach the Heavily Indebted Poor Countries completion point in January 2004. Since then, growth has moderated toward 4.1 percent y/y in 2005. Key medium-term challenges include addressing vulnerabilities arising from weak balance sheets, reflected in high levels of debt and dollarization.

Series:

Country Report No. 06/174

Subject:

English

Publication Date:

May 16, 2006

ISBN/ISSN:

9781451829280/1934-7685

Stock No:

1NICEA2006003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

113

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