Nicaragua: 2023 Article IV Consultation-Press Release; and Staff Report

January 19, 2024

Preview Citation

Format: Chicago

Nicaragua: 2023 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2024) accessed November 21, 2024

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.

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

Keywords: Authorities' effort, Burden indicator, Central America, Central bank, Exports threshold, Financial asset, Foreign direct investment, Global, Government deposit, Government finance statistics, Government institution, Public sector

Publication Details

Pages:

113
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/018
Stock No:

1NICEA2024001
ISBN:

9798400265037
ISSN:

1934-7685

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