Nicaragua: Ex Post Assessment of Longer-Term Program Engagement

September 5, 2012

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Nicaragua: Ex Post Assessment of Longer-Term Program Engagement, (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

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.

Subject: Electricity, Financial crises, Fiscal policy, Global financial crisis of 2008-2009, Macrostructural analysis, Public debt, Revenue administration, Structural reforms

Keywords: Central America, Central bank of Nicaragua, CR, Deficit, Executive board Assessment, Executive board discussion, Expenditure restraint, Generation company, Global, Global financial crisis of 2008-2009, ISCR, Real gross domestic product, Structural reforms, Surplus, World commodity price

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/258
Stock No:

1NICEA2012003
ISBN:

9781475506648
ISSN:

1934-7685

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