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Nicaragua [electronic resource] : Joint Staff Assessment of the Poverty Reduction Strategy Paper Second Progress Report.

By: International Monetary Fund.
Material type: materialTypeLabelBookSeries: IMF Staff Country Reports, Country Report: No. 04/19Publisher: Washington, D.C. : International Monetary Fund, 2004Description: 1 online resource (14 p.).ISBN: 1451829205 :.ISSN: 1934-7685.Subject(s): Fiscal Decentralization | Macroeconomic Framework | Poverty Reduction Strategy Paper | Poverty Reduction Strategy | Tax Reform | NicaraguaAdditional physical formats: Print Version:: Nicaragua : Joint Staff Assessment of the Poverty Reduction Strategy Paper Second Progress ReportOnline resources: IMF e-Library | IMF Book Store Abstract: The current government has succeeded in reorienting economic policies after a series of shocks and an initial weak policy response. Revised real GDP growth targets are feasible with sustained prudent macroeconomic policies and institutional reforms. The medium-term macroeconomic framework centers on sustained prudent fiscal and monetary policies. The Poverty Reduction Strategy Paper (PRSP) could include a more detailed description of the actions being implemented to strengthen the financial system. The pursuit of fiscal discipline to restore macroeconomic stability has dominated the second year of strategy implementation.
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The current government has succeeded in reorienting economic policies after a series of shocks and an initial weak policy response. Revised real GDP growth targets are feasible with sustained prudent macroeconomic policies and institutional reforms. The medium-term macroeconomic framework centers on sustained prudent fiscal and monetary policies. The Poverty Reduction Strategy Paper (PRSP) could include a more detailed description of the actions being implemented to strengthen the financial system. The pursuit of fiscal discipline to restore macroeconomic stability has dominated the second year of strategy implementation.

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