Nicaragua: Seventh Review Under the Extended Credit Facility and Financing Assurances Review: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nicaragua

November 14, 2011

Summary

The Nicaraguan economy continued to post robust growth in the first half of 2011. The Seventh Review Under the Extended Credit Facility (ECF) and Financing Assurances Review highlights that all quantitative performance criteria for end-June 2011 were met and the structural agenda is broadly on track. The fiscal performance of the central government was stronger than envisaged. The deficit in the external current account is projected to remain large and to be financed by resilient capital flows.

Subject: Banking, Central banks, Commodities, Economic sectors, Electricity, International reserves, Labor, Public debt, Public sector, Wages

Keywords: Central America, CR, deficit, Electricity, GDP ratio, Global, government of Nicaragua, International reserves, ISCR, macroeconomic stability, microfinance sector, Nicaragua's ECF, Public sector, public sector deficit, revenue target, Wages

Pages:
69
Volume:
2011
DOI:
https://doi.org/10.5089/9781463924584.002
Issue:
322
Series:
Country Report No. 2011/322
Stock No:
1NICEA2011002
ISBN:
9781463924584
ISSN:
1934-7685

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