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
May 16, 2006
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
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.
Subject: Banking, Economic sectors, Expenditure, Fiscal policy, Inflation, Oil prices, Prices, Public sector
Keywords: Central America, CR, crowding out poverty spending, government deposit, Inflation, ISCR, Oil prices, PRGF arrangement, Public sector, staff appraisal, year data
Pages:
113
Volume:
2006
DOI:
Issue:
174
Series:
Country Report No. 2006/174
Stock No:
1NICEA2006003
ISBN:
9781451829280
ISSN:
1934-7685
