Nicaragua: Sixth Review Under the Extended Credit Facility and Financing Assurances Review -Staff Report; Press Release on the Executive Board Discussion.

May 26, 2011

Summary

Nicaragua's economic performance in 2010 was satisfactory. Real GDP grew, supported by strong consumption and investment. Bank credit started recovering while the financial system remained liquid and profitable. Exchange-rate and monetary policy have contributed to macroeconomic stability. The authorities plan to improve public financial management and also to adopt a legal framework and remain committed to contain the macroeconomic risks from external aid flows. They also welcomed the sixth review and Financing Assurances under the Extended Credit Facility (ECF) arrangement.

Subject: Banking, Economic sectors, Financial institutions, Labor, Loans, Oil prices, Prices, Public debt, Public sector, Wages

Keywords: amount of SDR, CR, deficit, foreign currency, Global, ISCR, Loans, Oil prices, Public sector, real gross domestic product, return on assets, SDR, Sixth Review under the Three-Year arrangement, Three-Year, Three-Year arrangement, Wages

Pages:
58
Volume:
2011
DOI:
https://doi.org/10.5089/9781455276561.002
Issue:
118
Series:
Country Report No. 2011/118
Stock No:
1NICEA2011001
ISBN:
9781455276561
ISSN:
1934-7685

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