Nicaragua: Ex Post Assessment of Longer-Term Program Engagement

International Monetary Fund

No 2012/258, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper is a report of Nicaragua’s performance under the 2007–11 program. The period was marked by a stern financial crisis, price shocks, and disasters, but the program maintained the macroeconomic stability. Although the program had several hurdles, its achievements were remarkable—approval of tax reforms, improvements in banks' framework, power and electricity framework, dwindled poverty rate, and strong foreign relations. Overall, the Board is in high spirits in the triumph of the program in a critical situation though it had some flaws.

Keywords: ISCR; CR; real gross domestic product; deficit; surplus; expenditure restraint; world commodity price; executive board Assessment; central bank of Nicaragua; generation company; executive board discussion; Global financial crisis of 2008-2009; Structural reforms; Global; Central America (search for similar items in EconPapers)
Pages: 54
Date: 2012-09-05
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