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Nicaragua: Ex Post Assessment of Longer-Term Program Engagement

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2012. "Nicaragua: Ex Post Assessment of Longer-Term Program Engagement," IMF Staff Country Reports 2012/258, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/258
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    References listed on IDEAS

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    1. Chang, Roberto & Kaltani, Linda & Loayza, Norman V., 2009. "Openness can be good for growth: The role of policy complementarities," Journal of Development Economics, Elsevier, vol. 90(1), pages 33-49, September.
    2. Ayhan Kose, M. & Prasad, Eswar S. & Taylor, Ashley D., 2011. "Thresholds in the process of international financial integration," Journal of International Money and Finance, Elsevier, vol. 30(1), pages 147-179, February.
    3. International Monetary Fund, 2012. "Nicaragua: 2012 Article IV Consultation," IMF Staff Country Reports 2012/256, International Monetary Fund.
    4. Mr. Andrew J Swiston & Mr. Luis D Barrot, 2011. "The Role of Structural Reforms in Raising Economic Growth in Central America," IMF Working Papers 2011/248, International Monetary Fund.
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