Nicaragua: Staff Report for the 2002 Article IV Consultation and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility and for Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries
February 10, 2003
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This paper assesses Nicaragua’s 2002 Article IV Consultation and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and for Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). A key program objective is medium-term fiscal sustainability. This will require a significant reduction of primary spending, while protecting poverty-reducing outlays, and an increase in tax revenues. The IMF staff recommends that the authorities’ request for a new three-year PRGF arrangement and interim HIPC assistance be approved.
Subject: Banking, Domestic debt, Economic sectors, Expenditure, Poverty, Poverty reduction strategy, Public debt, Public sector
Keywords: asset, asset recovery plan, bidding committee, Central America, CR, Domestic debt, government, incumbent authorities, ISCR, Poverty reduction strategy, PRGF arrangement, Public sector, staff appraisal
Pages:
106
Volume:
2003
DOI:
Issue:
024
Series:
Country Report No. 2003/024
Stock No:
1NICEA0012003
ISBN:
9781451829150
ISSN:
1934-7685
