Nicaragua: Recent Economic Developments

November 25, 1996

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Nicaragua: Recent Economic Developments, (USA: International Monetary Fund, 1996) accessed September 18, 2024

Summary

This paper reviews economic developments in Nicaragua during 1990–96. During 1990–95, Nicaragua made substantial progress in policy implementation to reduce macroeconomic imbalances and to transform itself to a market-based economy. Fiscal and monetary policies were strengthened; most price controls were eliminated; and the foreign exchange and trade systems were liberalized. A program of public asset divestment was implemented and public employment and military outlays were cut substantially. An extensive reform of the banking system was initiated by allowing private sector participation in financial intermediation; interest rates were liberalized; and banking supervision was established.

Subject: Banking, Commercial banks, Credit, Debt service, Economic sectors, Exports, External debt, Financial institutions, International trade, Money, Public sector

Keywords: Balance of payments, Central America, Commercial banks, CR, Credit, Current account, Debt service, Economic activity, Exports, Foreign currency, ISCR, Public sector, Real GDP, U.S. dollar

Publication Details

Pages:

112
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/124
Stock No:

1NICEA0011996
ISBN:

9781451829105
ISSN:

1934-7685

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