Printer Friendly

US$129 MILLION IMF LOAN.

The International Monetary Fund (IMF) has approved a three-year US$129 million loan for Nicaragua to support the government's economic program, the IMF said on Dec. 9. The loan was approved under the Poverty Reduction and Growth Facility (PRGF). Nicaragua was also granted some US$2.5 million in additional interim assistance. "Following a sharp deterioration of economic performance in recent years, the new government of Nicaragua has embarked on a three-year program that addresses key economic vulnerabilities and barriers to growth and poverty reduction," said IMF deputy managing director Eduardo Aninat. The structural reform agenda focuses on removing constraints to growth, increasing budget transparency, public sector restructuring, judicial system reform, and further trade liberalization and regional integration.

Copyright 2003
COPYRIGHT 2003 Caribbean Update, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Nicaragua receives loan from the International Monetary Fund
Publication:Caribbean Update
Article Type:Brief Article
Geographic Code:2NICA
Date:Jan 1, 2003
Words:120
Previous Article:REFINERY HALTS PROCESSING HEAVY CRUDE.
Next Article:EX-PRESIDENT ARRESTED.


Related Articles
REGION: COUNTRIES HIT BY 1998 HURRICANE PROMISED U.S.$9 BILLION IN RECONSTRUCTION AID AT STOCKHOLM MEETING.
IMF STRUCTURAL ADJUSTMENT LOAN.
HAITI PAYS ARREARS TO IDB.
Brazil's debt rip-off.
NICARAGUA HELPS IMF SEE THE ERRORS OF ITS WAYS AND ACCEPTS A US$107 MILLION LOAN.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters