Nicaragua: 2017 Article IV Consultation-Press Release; and Staff Report

International Monetary Fund

No 2017/173, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2017 Article IV Consultation highlights Nicaragua’s robust macroeconomic performance in 2016. Real GDP grew by 4.7 percent in 2016, supported by strong domestic demand, while inflation remained subdued at 3.1 percent as of the end of 2016, owing largely to the contribution of food prices. The current account deficit for 2016 is estimated to have narrowed to 8.6 percent of GDP, compared with 9 percent in 2015. This consolidation is largely explained by maquila exports, which have been better captured owing to improvements in statistical compilation. The current account deficit remained financed by foreign direct investment and other long-term inflows.

Keywords: ISCR; CR; debt; exchange rate; current account; real GDP; private sector; crawling peg exchange regime; external shock; wage bonus; liquidity management tool; compilation methodology; IADB disbursement; debt dynamic; Currencies; Public sector; Fiscal stance; Central America; Global; Caribbean (search for similar items in EconPapers)
Pages: 83
Date: 2017-06-27
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