Nicaragua: Staff Report for the 2001 Article IV Consultation and the Staff-Monitored Program (SMP) for July-December 2001
October 2, 2001
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Nicaragua showed weak economic performance owing to trade shocks, a decline in investment, and slippages in the fiscal and monetary areas, under the Poverty Reduction and Growth Facility Arrangement. Executive Directors noted that an effective implementation of the fiscal program under the Staff Monitored Program (SMP), together with the envisaged privatization and structural reforms, is crucial for maintaining macroeconomic stability. They welcomed the steps to deepen trade liberalization, improve liquidity management, and strengthen the banking system.
Subject: Banking, Debt service, Economic sectors, Expenditure, External debt, Financial institutions, Loans, National accounts, Poverty reduction strategy, Public sector, Public sector savings
Keywords: Central America, central bank financing to the government, coffee grower, CR, Debt service, deficit, emergency assistance from the World Food Program, GDP, government, government deposit, ISCR, Loans, Nicaraguan authorities, privatization of the electricity, Public sector, Public sector savings, Staff-Monitored Program
Pages:
57
Volume:
2001
DOI:
Issue:
171
Series:
Country Report No. 2001/171
Stock No:
1NICEA0022001
ISBN:
9781451829174
ISSN:
1934-7685
