Nicaragua: Enhanced Initiative for Heavily Indebted Poor Countries—Completion Point Document

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 072

Publication date: March 2004

ISBN: 9781451829228

$20.00

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Topics covered in this book

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Exports and Imports , ISCR , CR , Nicaraguan authorities , long-term debt , private sector , enhanced HIPC Initiative , government's strategy , HIPC assistance , HIPC debt relief , NPV terms , organic law , supervisory authority , rate of return , authorities' medium , exports of goods , Debt service , Debt relief , Exports , Stocks , Central America , Caribbean , Global

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Summary

The government has fully complied with all the elements of the fourth floating completion point condition, which calls for the implementation of reforms to develop human capital and social protection. Investment in human capital development represents the second pillar of Nicaragua’s Poverty Reduction Strategy Paper (PRSP). The policy and reform conditions for reaching the completion point were met by end-2003, except for one condition pertaining to the divestiture of the generating units of the power utility, for which a waiver is recommended.