Government of Nicaragua delivers letter to IMF stating its intentions

The Government of Nicaragua has committed to the IMF to finish the year with an inflation index of 18.1%

Friday, August 29, 2008


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It also hopes that the Gross Domestic Product (GDP) of the country will grow by 3 to 4%, according to the president of the Central Bank (BCN), Antenor Rosales.
The president of the BCN said that the "letter of intentions" shows the commitment of Nicaragua to maintain macroeconomic and financial stability, which will be reviewed in Washington in the next few months in order to maintain the agreement with the country so that credit cooperation (valued at $118 million) by the organization con continue to flow.

More on this topic

Panama to Grow 5.6% in 2016

October 2016

The government plans to close the year with growth of 5.6% in GDP, and estimates and an increase of 6.3% for 2017.

From a statement issued by the Ministry of Economy and Finance: 

Panama's economy continues to grow strongly and steadily, in the context of low inflation, low unemployment and good fiscal performance. 

Costa Rican GDP Down 2.3%

September 2009

In the second quarter of 2009, the country's Gross Domestic Product dropped 2.3% when compared to the same period of 2008.

The most affected sectors were industry, commerce, restaurants and hotels, and construction.

"GDP fell 2.3% in the second quarter when compared to last year, while it had dropped 0.8% in the first quarter", reported Elfinancierocr.com.

El Salvador's GDP grows by 4.2%

August 2008

The Salvadoran economy showed signs of resistance to the international crisis during the first trimester of 2008.

As of March, the GDP grew by 4.2%, according to the Central Reserve Bank (BCR). The Monthly Index of Economic Activity (MIEA) grew by 3.6% in May, according to the BCR, which kept its growth projections at 4% for 2008.

Optimistic Review By Costa Rican Central Bank

July 2009

BCCR's second review of the macroeconomic program lowers the projected contraction in real GDP.

The report points out that the evolution of the Costa Rican economy will continue tied to the global environment. The Central Bank still expects a contraction in the local economy, albeit at a lower pace than forecasted in the first review of the macroeconomic program.

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