$150 Million for Nicaragua
The country will strengthen its international reserves with a loan by IMF.
Monday, August 31, 2009
The loan was officially communicated by the Central Bank of Nicaragua, who added that: "...these resources provided by the International Monetary Fund will help Nicaragua consolidate its macroeconomic framework by strengthening its international reserves, reinforcing the country's financial security network and easing the impact of the global financial and economic crisis", reported Elnuevodiario.com.
A week after Antenor Rosales declared that international reserves "are not to be managed according to someone’s whims and preferences", he has been dismissed by President Ortega.
The Central Bank of Honduras informed they increased their monetary reserves with these $150 million.
A record amount of $1.938 billion in gross international reserves has been recorded in the country, a reflection of the stability and economic growth in recent years.
The Central Bank of Guatemala (Banguat) increased its international reserves with the approval of Special Wire Rights by the IMF.
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