Nicaragua: $ 42.5 Million to Strengthen Fiscal Sector

The IDB loan will strengthen fiscal management and improve tax collection.

Tuesday, November 23, 2010


©image:

Nicaragua will strengthen fiscal management, improve tax collection and increase the quality, transparency and efficiency of spending on poverty with the third and final loan of U.S. $ 42.5 million to support policy reforms approved by the Inter-American Development Bank (BID).

Nicaragua's government hopes that this project will result in improvements in the macroeconomic environment, contributing to a positive growth rate and lower poverty rates. With this third loan, the IDB has provided a total of $ 103 million since December 2008 in budget support to accompany the reform of the tax system in Nicaragua.

Finally, the project seeks to improve coverage, quality and targeting of spending to reduce poverty and ensure that aid is focusing on low-income population.

More on this topic

Panama: $ 200 Million to Improve Fiscal Management

December 2010

The IDB loan will support the implementation and framework of a modern fiscal policy based on international practices.

The IDB loan will support the implementation and framework of a modern fiscal policy based on international practices.

Panama will reform its tax laws and improve public management expenditures with a loan of U.S. $ 200 million approved by the Inter-American Development Bank (IDB).

El Salvador: $200 million to Improve Fiscal Management

March 2012

An IDB loan will help the Salvadoran government to strengthen key institutions and tax management.

A press release from the Inter-American Development Bank (IDB) reads:

A $200 million loan will help the Salvadoran government to strengthen key institutions and tax management.

$ 74 Million To Balance Honduras' Budget

November 2010

The World Bank approved the loan to support the Government's fiscal program.

The World Bank Board approved a loan for U.S. $ 74.7 million to support the government program designed to address the difficult fiscal situation in the short term and to achieve balanced fiscal accounts, which will bear fruit in the medium and long term, thus, promoting development in the country.

Nicaragua Praised by the IMF

February 2016

The IMF noted the positive evolution of all the country's economic indicators, and the drastic fall in poverty, with an increase of 33% in per capita consumption.

From a press release issued by the IMF:

On January 28, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Nicaragua.

 close (x)

Receive more news about Government

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Costa Rica Coffee Farm and Development Property

Sustainable 70 Acre Coffee Farm, San Ramon, Costa Rica Coffee Estate, development property with 20 titled lots, ready to develop with roads, water and power. Great Location, close to everything.
Ideal area for living or developing an ecologically...

Stock Indexes

(Jan 13)
Dow Jones
-0.03%
S&P 500
0.18%
Nasdaq
0.48%

Commodities

(Jan 17)
Brent Crude Oil
55.99
Coffee "C"
151.70
Gold
1,211
Silver
16.92