## Nicaragua: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nicaragua

_IMF Staff Country Reports, February 4, 2016_

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## Bibliographic details
- Published: February 4, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498390705.002

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### Overview
- 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:
  - Pages: 79
  - Volume: 2016
  - Issue: 034
  - Series: Country Report No. 2016/034
  - DOI: https://doi.org/10.5089/9781498390705.002
  - Stock No: 1NICEA2016001
  - ISBN: 9781498390705
  - ISSN: 1934-7685

### Macroeconomic performance
- Growth:
  - "Real GDP growth has averaged 4.8 percent" over the last three years.
  - Characterized as "one of the highest in the region."
- Inflation and exchange rate:
  - "Inflation has remained anchored by the exchange rate regime."
- Labor market and poverty:
  - "Poverty has fallen sharply."
  - "Unemployment has increased due to a decline in the manufacturing sector."

### Risks and outlook
- Near-term stability:
  - "The current policy mix is broadly adequate to maintain macroeconomic stability in the near term."
- Policy framework vulnerabilities:
  - The report states that "Nicaragua needs to fortify its policy framework" to address medium-term risks and rebuild buffers.

### Fiscal policy findings and recommendations
- Main fiscal priorities identified:
  - "Reducing tax exonerators and exemptions" to strengthen revenues.
  - "Improving the targeting of fiscal subsidies" to enhance efficiency and equity of public finances.
- Expected policy impact:
  - These measures are recommended to "contribute to rebuilding fiscal buffers."

### Thematic subjects and keywords (as listed)
- 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

*International 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.*

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_Source: 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_