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

_IMF News, March 30, 2016_

## Source details

**Canonical URL:** [Press Release: IMF to Close Resident Representative's Office in Nicaragua](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr16144)

## Other formats

- [Markdown version](/en/news/articles/2015/09/14/01/49/pr16144/index.md)
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## Bibliographic details
- Published: March 30, 2016

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### 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*

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## References

- [Nicaragua and the IMF](http://www.imf.org/external/country/NIC/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr16144_