Nicaragua: Recent Economic Developments and Statistical Annex

November 2, 1999

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Nicaragua: Recent Economic Developments and Statistical Annex, (USA: International Monetary Fund, 1999) accessed November 21, 2024

Summary

This paper describes economic developments in Nicaragua during the 1990s. During 1990–96, Nicaragua made substantial progress in reducing macroeconomic imbalances. Fiscal and monetary policies were strengthened, most price controls were eliminated, and foreign exchange and trade systems were liberalized. The structural reform program included privatization, the return to previous owners in the case of confiscated properties or liquidation of enterprises, which accounted for about 30 percent of GDP in 1990 and a reform of the banking system, including liberalization of interest rates and the establishment of an independent banking superintendency.

Subject: Balance of payments, Banking, Current account balance, Current spending, Economic sectors, Expenditure, External debt, Interest payments, Public sector, Revenue administration

Keywords: Asia and Pacific, Central America, Central bank of Nicaragua, Common market, CR, Current account balance, Current spending, Europe, Interest payments, ISCR, Legal reserve, Net, Net credit, Public sector, Public utility enterprise, Tertiary sector, Western Hemisphere

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/124
Stock No:

1NICEA0011999
ISBN:

9781451829129
ISSN:

1934-7685

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