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
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 government plans to close the year with growth of 5.6% in GDP, and estimates and an increase of 6.3% for 2017.
In the second quarter of 2009, the country's Gross Domestic Product dropped 2.3% when compared to the same period of 2008.
The Salvadoran economy showed signs of resistance to the international crisis during the first trimester of 2008.
BCCR's second review of the macroeconomic program lowers the projected contraction in real GDP.
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