Nicaragua: Staff Report for the 2013 Article IV Consultation
IMF Staff Country Reports, December 27, 2013
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- Nicaragua: Staff Report for the 2013 Article IV Consultation
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Bibliographic details
- Published: December 27, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484335437.002
Macroeconomic performance (2011–2012)
- Real GDP grew by an average of 5¼ percent during 2011–2012.
- The annual average inflation was 7¼ percent during 2011–2012.
- Overall assessment: macroeconomic developments in Nicaragua have been generally favorable over the past two years.
Outlook and projections
- Real GDP is expected to grow by 4¼ percent in 2013.
- Real GDP is projected to stabilize at its potential level of 4 percent over the medium-term.
- Inflation is projected to remain at about 7 percent.
Exchange rate framework and inflation dynamics
- The crawling-peg exchange rate system is identified as a factor that has helped anchor inflation expectations.
- Continued operation of the crawling-peg is linked to the projection that inflation will remain at about 7 percent.
Thematic scope and subjects covered
- Subject areas listed: Balance of payments statistics, Commodities, Economic and financial statistics, External debt, Oil, Public and publicly-guaranteed external debt, Public debt.
- Keywords listed: Balance of payments statistics, CR, debt, deficit, Global, government, government of Nicaragua, headline inflation, IMF recommendation, inflation expectation, ISCR, Nicaragua, Nicaraguan authorities, Oil, oil import financing agreement, Public and publicly-guaranteed external debt.
International Monetary Fund. Nicaragua: Staff Report for the 2013 Article IV Consultation, December 27, 2013.