Nicaragua: Staff Report for the 2001 Article IV Consultation and the Staff-Monitored Program (SMP) for July-December 2001
Nicaragua showed weak economic performance owing to trade shocks, a decline in investment, and slippages in the fiscal and monetary areas, under the Poverty Reduction and Growth Facility Arrangement. Executive Directors noted that an effective implementation of the fiscal program under the Staff Monitored Program (SMP), together with the envisaged privatization and structural reforms, is crucial for maintaining macroeconomic stability. They welcomed the steps to deepen trade liberalization, improve liquidity management, and strengthen the banking system.
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Volume/Issue:
Volume 2001
Issue 171
Publication date: October 2001
ISBN: 9781451829174
$20.00
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Business and Economics , Political Science , Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , government , GDP , central bank financing to the government , Staff-Monitored Program , deficit , emergency assistance from the World Food Program , coffee grower , privatization of the electricity , Nicaraguan authorities , government deposit , Public sector , Loans , Public sector savings , Debt service , Central America
Summary
Nicaragua showed weak economic performance owing to trade shocks, a decline in investment, and slippages in the fiscal and monetary areas, under the Poverty Reduction and Growth Facility Arrangement. Executive Directors noted that an effective implementation of the fiscal program under the Staff Monitored Program (SMP), together with the envisaged privatization and structural reforms, is crucial for maintaining macroeconomic stability. They welcomed the steps to deepen trade liberalization, improve liquidity management, and strengthen the banking system.
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