Nicaragua readies itself for IMF review of its economic program

Nicaragua is almost ready for the review of the economic program it has signed with the International Monetary Fund (IMF) by officials of that organization.

Tuesday, July 22, 2008

Humberto Arbulú, the IMF representative in Nicaragua, said there is a possibility that the program will not be seen until Aug. 6. If that's the case, it will have to wait until the summer recess ends on Aug. 26.
Once the program has been approved, the IMF will release another 20 million dollars for the project, bringing the three-year total assistance to 110 million dollars.

More on this topic

IMF Approves New Disbursement to Nicaragua

October 2011

The institution will award $8.8 million after approving the Extended Credit Facility agreement .

The agreement referred to was developed by the government and the IMF in line with the macroeconomic program for the period 2007 to 2011.

After having verified compliance with the requirements of the agreement, the IMF has decided to approve it and proceed with disbursements.

IMF Approves Renewal of Agreement with Nicaragua

November 2010

The extension allows the immediate disbursement of $ 20 million.

The Executive Board of the International Monetary Fund (IMF) today completed the fourth and fifth review of economic developments in Nicaragua under the Credit Facility Extended (SCA) and agreed to extend the agreement until December 4th, 2011.

Nicaragua and IMF Agree to Extend Economic Program

September 2010

The country and the IMF agreed to extend the three-year financial and economic program signed in October 2007 for two more months.

By signing the letter of intent (which must be ratified by the board of the International Monetary Fund-IMF), the economic program will conclude this next December and not on October 4th, as originally planned.

Nicaragua to Ask IMF to Extend Economic Program

September 2010

The president of the central bank announced that they will request a year's extension for the program due to expire in October.

Antenor Rosales, Nicaraguan Central Bank president, indicated that the request to the International Monetary Fund (IMF) is to continue the program, which was signed in 2007, until 2011 (election year).

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