International Monetary Fund. Western Hemisphere Dept.
This statement provides information that has become available since the staff report was finalized. This information does not alter the thrust of the staff appraisal .
1. Headline inflation reached 6 percent (year-on-year) in December 2019 . Consumer Price Index picked up during the last quarter of 2019, reflecting upward adjustments in energy prices.
(12-month rates, in contributions, percent)
1/ The tax reform of March 2019 widened the coverage of products subject to VAT.
This paper provides the details of the IMF's projections and estimates on Nicaragua's gross domestic product by expenditure; value added in agriculture and manufacturing; central government operations; operations of the rest of the general government and public utility enterprises; summary balance of payments; trade account indicators; public sector external debt and debt service; summary accounts of the central bank and the financial system; consumer price index; resource balance and financing of investment, and so on. It also provides the statistical appendix report on real, fiscal, monetary, and external sectors.
This paper describes economic developments in Nicaragua during the 1990s. During 1990–96, Nicaragua made substantial progress in reducing macroeconomic imbalances. Fiscal and monetary policies were strengthened, most price controls were eliminated, and foreign exchange and trade systems were liberalized. The structural reform program included privatization, the return to previous owners in the case of confiscated properties or liquidation of enterprises, which accounted for about 30 percent of GDP in 1990 and a reform of the banking system, including liberalization of interest rates and the establishment of an independent banking superintendency.
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.