Nicaragua: 2023 Article IV Consultation-Press Release; and Staff Report
Electronic Access:
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Summary:
The Nicaraguan economy remained resilient through multiple shocks over the past five years, supported by appropriate policies, substantial pre-crisis buffers (primarily government deposits), and multilaterals support. After a strong rebound in 2021, the economy continued to grow at a steady pace in 2022 and through June 2023 (3.8 percent). Inflation slowed down, the fiscal position turned into a surplus, and record-high remittances, sustained Foreign Direct Investment (FDI) and prudent policies supported a continued accumulation of gross international reserves. Banks remain well capitalized, and the loan portfolio is steadily improving with the economic recovery.
Series:
Country Report No. 2024/018
Subject:
Balance of payments Economic and financial statistics Economic sectors External debt Foreign direct investment Government finance statistics International organization Monetary policy Public debt Public sector
Frequency:
regular
English
Publication Date:
January 19, 2024
ISBN/ISSN:
9798400265037/1934-7685
Stock No:
1NICEA2024001
Format:
Paper
Pages:
113
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