Nicaragua: Staff Report for the 2002 Article IV Consultation and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility and for Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries

International Monetary Fund

No 2003/024, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper assesses Nicaragua’s 2002 Article IV Consultation and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and for Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). A key program objective is medium-term fiscal sustainability. This will require a significant reduction of primary spending, while protecting poverty-reducing outlays, and an increase in tax revenues. The IMF staff recommends that the authorities’ request for a new three-year PRGF arrangement and interim HIPC assistance be approved.

Keywords: ISCR; CR; PRGF arrangement; asset recovery plan; government; asset; incumbent authorities; staff appraisal; bidding committee; Public sector; Poverty reduction strategy; Domestic debt; Central America (search for similar items in EconPapers)
Pages: 106
Date: 2003-02-10
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