IMF Staff Country Reports

Nicaragua: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility Request for Waivers of Performance Criteria and Financing Assurances Review, Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nicaragua: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waivers of Performance Criteria, and Financing Assurances Review—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nicaragua

March 18, 2004

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Format: Chicago

Nicaragua: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility Request for Waivers of Performance Criteria and Financing Assurances Review, Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nicaragua: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waivers of Performance Criteria, and Financing Assurances Review—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nicaragua, (USA: International Monetary Fund, 2004) accessed December 22, 2024

Summary

The draft 2004 budget passed by the assembly is consistent with the Financial Sector Assessment Program (FSAP). Achieving the programmed strengthening of the tax effort remains a challenge. On the expenditure side, the aim is to improve the anti-poverty and pro-growth orientation of public spending. The operating surplus of state enterprises is improved in 2004. The stance of monetary policy is appropriate, as evidenced by the continued achievement of the program objectives for Net International Reserves (NIR) and inflation (in the context of the crawling peg regime).

Subject: Central Banks, International organization, Monetary policy, Poverty, Public debt, Public financial management (PFM)

Keywords: Central America, Domestic debt, Government debt management, IMF Completes Fourth Review, IMF staff representative, Inflation rate in December, International reserves, Poverty reduction, Poverty reduction and development, Poverty reduction strategy, PRGF loan, Sale of ENITEL, Staff appraisal, Telecommunications company

Publication Details

  • Pages:

    83

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2004/071

  • Stock No:

    1NICEA0032004

  • ISBN:

    9781451829211

  • ISSN:

    1934-7685

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