Nicaragua: Ex Post Assessment of Longer-Term Program Engagement
IMF Staff Country Reports, September 5, 2012
Source details
- Canonical URL
- Nicaragua: Ex Post Assessment of Longer-Term Program Engagement
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Bibliographic details
- Published: September 5, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475506648.002
Summary and context
- Report title: Nicaragua: Ex Post Assessment of Longer-Term Program Engagement
- Publication date on page: September 5, 2012
- Period assessed: 2007–11
- Core summary: The paper reports on Nicaragua’s performance under the 2007–11 program. The period was marked by a stern financial crisis, price shocks, and disasters, but the program maintained macroeconomic stability. The program faced several hurdles but achieved notable outcomes including approval of tax reforms, improvements in banks' framework, power and electricity framework, a dwindled poverty rate, and strong foreign relations. The Board’s overall assessment is positive despite identified flaws.
Major findings — macroeconomic and crisis management
- The program covered the period 2007–11 and confronted:
- a stern financial crisis
- price shocks
- disasters
- Despite these shocks, the program maintained macroeconomic stability.
Structural reforms and institutional outcomes
- Achievements highlighted:
- Approval of tax reforms.
- Improvements in banks' framework.
- Improvements in the power and electricity framework.
- Strong foreign relations.
Social and development outcomes
- Noted social outcome:
- A dwindled poverty rate during the program period.
Assessment tone and caveats
- Overall Board impression: High spirits about the program’s triumph in a critical situation.
- Acknowledged limitations: The program “had some flaws” (no further details provided on the landing page).
Content in this bundle
- _cr12258 - Executive Summary