Nicaragua Resident Representative Site
Resident Representative Office in Nicaragua
This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Nicaragua and the IMF. Additional information can be found on Nicaragua and IMF country page, including official IMF reports and Executive Board documents in English and Spanish that deal with Nicaragua.
News and Highlights
With Nicolas Eyzaguirre, Director; David Robinson, Deputy Director; Miguel Savastano, Gilbert Terrier, and Rodrigo Valdes, Senior Advisors, in the Western Hemisphere Department; and Andreas Adriano, Media Relations Officer, in the External Relations Department Saturday, April 24, 2010
Nicaragua and The IMF
December 27, 2013
Series: Country Report No. 13/377
September 5, 2012
Series: Country Report No. 12/256
Regional Economic Outlook: Western Hemisphere
Growth in Latin America and the Caribbean (LAC) has slowed down more than anticipated, as weak dynamics in South America have outweighed an incipient recovery in Mexico. Lower-than-expected external demand and softer terms of trade explain some of the weakness, but domestic supply-side bottlenecks and policy uncertainties have also weighed on confidence and private demand in several economies. Notwithstanding the projected pick-up in activity over the period ahead, growth is projected to be as low as 1.3 percent in 2014 and 2.2 percent in 2015. Spare capacity remains limited, however, underscoring the urgency of supply-side reforms to boost productivity and potential growth. Monetary policy and exchange rate flexibility should continue to serve as the first line of defense against adverse shocks, while a looser fiscal stance is unwarranted in most countries, especially those with weak public finances. Financial sector risks bear close monitoring, as the confluence of lower growth, rising U.S. interest rates, and geopolitical tensions could pose a considerable challenge.