Nicaragua: Recent Economic Developments
Summary:
This paper reviews economic developments in Nicaragua during 1990–96. During 1990–95, Nicaragua made substantial progress in policy implementation to reduce macroeconomic imbalances and to transform itself to a market-based economy. Fiscal and monetary policies were strengthened; most price controls were eliminated; and the foreign exchange and trade systems were liberalized. A program of public asset divestment was implemented and public employment and military outlays were cut substantially. An extensive reform of the banking system was initiated by allowing private sector participation in financial intermediation; interest rates were liberalized; and banking supervision was established.
Series:
Country Report No. 1996/124
Subject:
Banking Commercial banks Credit Debt service Economic sectors Exports External debt Financial institutions International trade Money Public sector
English
Publication Date:
November 25, 1996
ISBN/ISSN:
9781451829105/1934-7685
Stock No:
1NICEA0011996
Pages:
112
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