{
  "title": "Nicaragua: Staff Report for the 2013 Article IV Consultation",
  "publication": "IMF Staff Country Reports, December 27, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/nicaragua-staff-report-for-the-2013-article-iv-consultation-41177",
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  "summary": "This 2013 Article IV Consultation highlights that during the past two years, macroeconomic developments in Nicaragua have been generally favorable. Real GDP grew by an average of 5¼ percent during 2011–2012, and the annual average inflation was 7¼ percent during the same period.",
  "sections": [
    {
      "heading": "Macroeconomic performance (2011–2012)",
      "content": "- Real GDP grew by an average of 5¼ percent during 2011–2012.\n- The annual average inflation was 7¼ percent during 2011–2012.\n- Overall assessment: macroeconomic developments in Nicaragua have been generally favorable over the past two years."
    },
    {
      "heading": "Outlook and projections",
      "content": "- Real GDP is expected to grow by 4¼ percent in 2013.\n- Real GDP is projected to stabilize at its potential level of 4 percent over the medium-term.\n- Inflation is projected to remain at about 7 percent."
    },
    {
      "heading": "Exchange rate framework and inflation dynamics",
      "content": "- The crawling-peg exchange rate system is identified as a factor that has helped anchor inflation expectations.\n- Continued operation of the crawling-peg is linked to the projection that inflation will remain at about 7 percent."
    },
    {
      "heading": "Thematic scope and subjects covered",
      "content": "- Subject areas listed: Balance of payments statistics, Commodities, Economic and financial statistics, External debt, Oil, Public and publicly-guaranteed external debt, Public debt.\n- Keywords listed: Balance of payments statistics, CR, debt, deficit, Global, government, government of Nicaragua, headline inflation, IMF recommendation, inflation expectation, ISCR, Nicaragua, Nicaraguan authorities, Oil, oil import financing agreement, Public and publicly-guaranteed external debt.\n\nInternational Monetary Fund. Nicaragua: Staff Report for the 2013 Article IV Consultation, December 27, 2013.\n\n---\n\n Content in this bundle\n\n- cr13377\n  - cr13377 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr13377 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 27, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484335437.002",
    "Real GDP grew by an average of 5¼ percent during 2011–2012.",
    "The annual average inflation was 7¼ percent during 2011–2012.",
    "Overall assessment: macroeconomic developments in Nicaragua have been generally favorable over the past two years.",
    "Real GDP is expected to grow by 4¼ percent in 2013.",
    "Real GDP is projected to stabilize at its potential level of 4 percent over the medium-term.",
    "Inflation is projected to remain at about 7 percent.",
    "The crawling-peg exchange rate system is identified as a factor that has helped anchor inflation expectations.",
    "Continued operation of the crawling-peg is linked to the projection that inflation will remain at about 7 percent.",
    "Subject areas listed: Balance of payments statistics, Commodities, Economic and financial statistics, External debt, Oil, Public and publicly-guaranteed external debt, Public debt.",
    "Keywords listed: Balance of payments statistics, CR, debt, deficit, Global, government, government of Nicaragua, headline inflation, IMF recommendation, inflation expectation, ISCR, Nicaragua, Nicaraguan authorities, Oil, oil import financing agreement, Public and publicly-guaranteed external debt.",
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