Nicaragua: Staff Report for the 2002 Article IV Consultation and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility and for Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries

February 10, 2003

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Nicaragua: Staff Report for the 2002 Article IV Consultation and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility and for Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Summary

This paper assesses Nicaragua’s 2002 Article IV Consultation and Requests for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and for Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). A key program objective is medium-term fiscal sustainability. This will require a significant reduction of primary spending, while protecting poverty-reducing outlays, and an increase in tax revenues. The IMF staff recommends that the authorities’ request for a new three-year PRGF arrangement and interim HIPC assistance be approved.

Subject: Banking, Domestic debt, Economic sectors, Expenditure, Poverty, Poverty reduction strategy, Public debt, Public sector

Keywords: Asset, Asset recovery plan, Bidding committee, Central America, CR, Domestic debt, Government, Incumbent authorities, ISCR, Poverty reduction strategy, PRGF arrangement, Public sector, Staff appraisal

Publication Details

Pages:

106
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/024
Stock No:

1NICEA0012003
ISBN:

9781451829150
ISSN:

1934-7685

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