{
  "title": "Nicaragua: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nicaragua",
  "publication": "IMF Staff Country Reports, February 4, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/nicaragua-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43668",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/nicaragua-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43668",
  "overlayPath": "/en/publications/cr/issues/2016/12/31/nicaragua-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43668/index.md",
  "summary": "The 2015 Article IV Consultation presents economic outlook and risks of Nicaragua. Over the last three years, real GDP growth has averaged 4.8 percent, one of the highest in the region, while inflation has remained anchored by the exchange rate regime.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Presents economic outlook and risks for Nicaragua based on the 2015 Article IV Consultation.\n- Timeframe note: \"Over the last three years\" (as stated in the source).\n- Publication identifiers:\n  - Pages: 79\n  - Volume: 2016\n  - Issue: 034\n  - Series: Country Report No. 2016/034\n  - DOI: https://doi.org/10.5089/9781498390705.002\n  - Stock No: 1NICEA2016001\n  - ISBN: 9781498390705\n  - ISSN: 1934-7685"
    },
    {
      "heading": "Macroeconomic performance",
      "content": "- Growth:\n  - \"Real GDP growth has averaged 4.8 percent\" over the last three years.\n  - Characterized as \"one of the highest in the region.\"\n- Inflation and exchange rate:\n  - \"Inflation has remained anchored by the exchange rate regime.\"\n- Labor market and poverty:\n  - \"Poverty has fallen sharply.\"\n  - \"Unemployment has increased due to a decline in the manufacturing sector.\""
    },
    {
      "heading": "Risks and outlook",
      "content": "- Near-term stability:\n  - \"The current policy mix is broadly adequate to maintain macroeconomic stability in the near term.\"\n- Policy framework vulnerabilities:\n  - The report states that \"Nicaragua needs to fortify its policy framework\" to address medium-term risks and rebuild buffers."
    },
    {
      "heading": "Fiscal policy findings and recommendations",
      "content": "- Main fiscal priorities identified:\n  - \"Reducing tax exonerators and exemptions\" to strengthen revenues.\n  - \"Improving the targeting of fiscal subsidies\" to enhance efficiency and equity of public finances.\n- Expected policy impact:\n  - These measures are recommended to \"contribute to rebuilding fiscal buffers.\""
    },
    {
      "heading": "Thematic subjects and keywords (as listed)",
      "content": "- Subject: Currencies, Debt sustainability analysis, Economic sectors, External debt, Money, Public debt, Public sector\n- Keywords: Central America, core inflation, CR, credit growth, Currencies, debt, debt ratio, Debt sustainability analysis, deficit, Global, ISCR, policy priority, public debt debt ratio, Public sector, real GDP, wage bonus\n\nInternational Monetary Fund. Nicaragua: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nicaragua. Country Report No. 2016/034 (2016), Pages: 79, DOI: https://doi.org/10.5089/9781498390705.002.\n\n---\n\n Content in this bundle\n\n- cr1634\n  - cr1634 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1634 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/31/nicaragua-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43668/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/31/nicaragua-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43668/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2016/12/31/nicaragua-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43668/bundle-manifest.json)",
    "Published: February 4, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498390705.002",
    "Presents economic outlook and risks for Nicaragua based on the 2015 Article IV Consultation.",
    "Timeframe note: \"Over the last three years\" (as stated in the source).",
    "Publication identifiers:",
    "Growth:",
    "Inflation and exchange rate:",
    "Labor market and poverty:",
    "Near-term stability:",
    "Policy framework vulnerabilities:",
    "Main fiscal priorities identified:",
    "Expected policy impact:",
    "Subject: Currencies, Debt sustainability analysis, Economic sectors, External debt, Money, Public debt, Public sector",
    "Keywords: Central America, core inflation, CR, credit growth, Currencies, debt, debt ratio, Debt sustainability analysis, deficit, Global, ISCR, policy priority, public debt debt ratio, Public sector, real GDP, wage bonus",
    "**_cr1634**"
  ],
  "related": [
    {
      "title": "_cr1634",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr1634.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr1634.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr1634.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2016/12/31/nicaragua-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43668/index.md",
    "json": "/en/publications/cr/issues/2016/12/31/nicaragua-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43668/index.json",
    "bundleManifest": "/en/publications/cr/issues/2016/12/31/nicaragua-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43668/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-13T08:19:13.776Z"
}