IMF Staff Country Reports

Nicaragua: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nicaragua

February 7, 2025

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. Western Hemisphere Dept. "Nicaragua: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nicaragua", IMF Staff Country Reports 2025, 040 (2025), accessed March 14, 2025, https://doi.org/10.5089/9798400299612.002

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

The Nicaraguan economy is experiencing robust growth. Real GDP growth accelerated to around 4½ percent in 2023 and the first half of 2024, from about 3.8 percent in 2022, on the back of robust domestic demand, while inflation is moderating. Prudent macroeconomic policies and record-high remittances sustained this performance, a decrease in the estimated poverty ratio, and also led to twin surpluses, a steady decline in debt, and the accumulation of strong buffers. Gross international reserves reached US$5.7 billion, or 7.2 months of imports, by end-October 2024. The economy remains open and resilient, after confronting multiple large shocks, and on a backdrop of transfers of private property to the state, international sanctions, and reorientation of official financing. Going forward, domestic and international political developments may impact economic performance, by potentially increasing the cost of doing business and impacting other cross-border flows.

Subject: Economic sectors, External debt, Financial sector policy and analysis, Financial sector stability, Public debt, Public sector

Keywords: Authority of the BCN, Caribbean, Central America, Exports threshold, Financial sector stability, Global, Headline inflation, Policy coordination, Public sector, Safeguards recommendation, Tax audit procedure, Transmission mechanism, Update safeguard assessment

Publication Details

You May Also Be Interested In...

Papua New Guinea: Technical Assistance Report-Climate Policy Diagnostic

March 14, 2025

Interactions Between Public and Private Sector Wages and Inflation in Mongolia

March 14, 2025

St. Lucia: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for St. Lucia

March 13, 2025

List Of IMF Member Countries With Delays In Completion Of Article IV Consultations Or Mandatory Financial Stability Assessments Over 18 Months

March 13, 2025