Press Release: IMF to Close Resident Representative's Office in Nicaragua

IMF News, March 30, 2016

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Press Release: IMF to Close Resident Representative's Office in Nicaragua

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Bibliographic details

• Published: March 30, 2016

Key announcement

• Press Release No. 16/144
• Date: March 30, 2016
• The International Monetary Fund will close its resident representative office in Managua effective August 1, 2016.
• The Managua office has been headed by Mr. Juan Zalduendo.

Rationale and context

• Decision reflects Nicaragua’s success in maintaining macroeconomic stability and growth since the conclusion of the Enhanced Credit Facility supported program in 2011.
• The Managua post has been maintained with IMF and local staff since 1995, including during various financial assistance programs.
• The Fund underscores continued commitment to close cooperation and open dialogue with Nicaragua.

Operational implications and continuity

• The IMF will continue providing high quality policy advice and technical assistance through regular IMF staff visits.
• The Fund expresses appreciation to the Nicaraguan people for their warm hospitality over the years.

Contact information

• IMF COMMUNICATIONS DEPARTMENT
• Media Relations
• E-mail: media@imf.org
• Phone: 202-623-7100

International Monetary Fund

References

• Nicaragua and the IMF
• Press Releases
• PRESS CENTER
• https://www.imf.org/en/home