Nicaragua : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nicaragua
Author/Editor:
International Monetary Fund. Western Hemisphere Dept.
Publication Date:
February 27, 2020
Electronic Access:
Download PDF. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Social unrest and its aftermath eroded confidence and caused large capital and bank deposits outflows that resulted in a prolonged output contraction. Banks cut lending, which exacerbated the downturn. Faced with sharply lower revenues and a severe tightening in available financing, including on account of sanctions, the government was forced to cut spending and adopt a procyclical tax package.
Series:
Country Report No. 20/59
English
Publication Date:
February 27, 2020
ISBN/ISSN:
9781513532622/1934-7685
Stock No:
1NICEA2020001
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
Pages:
86
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