IMF Recognizes Nicaragua's Economic Progress

By La Prensa Latina, 29 November 2016.

"The International Monetary Fund (IMF) recognized today the economic progress of Nicaragua in the recent ten years, starting here various meetings to assess the prospects of the country in the short and medium terms.

After the first meeting with Nicaraguan officials, head of the IMF mission Gerardo Pedraza highlighted that this year the economic growth of Nicaragua will reach easily 4.5 and 5 percent.

'Growth above 4 percent is very positive, especially if it is assessed on the income per capita rate, because that is what counts when it comes to reducing poverty', he said.

Meanwhile, Fernando Delgado said that in 2001 Nicaragua was affected by the banking crisis, but now it has a solid financial system without 'imminent risks to the economy'.

'It has grown tremendously, its growth rates have improved a lot,' said Delgado, who will take over as the new head of IMF mission.

Based on these results, IMF considers that the government of President Daniel Ortega is able to keep its growth model for the coming years, as well as outline its economic priorities."

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