Nicaragua: Micro, small and medium enterprise development project

The Wordl Bank project supports the update of the Government’s Poverty Reduction Strategy under the National Human Development Plan, which has an emphasis on private sector development.

Sunday, March 30, 2008

During the past six years, Nicaragua has experienced macroeconomic stability with steady positive GDP growth, low inflation, stable exchange rates and declining interest rates. Foreign investment has climbed to levels not seen since the 1970s and annual GDP growth averaged 3.2 percent between 2001 and 2006. However, this level of economic growth is inadequate to ensure long term economic growth and poverty alleviation, and the sustainability of these positive tendencies is not clear. Growth in GDP per capita averaged only 2.1 percent between 2001 and 2006 and after remaining in the single digits between 2001 and 2005, consumer price inflation jumped to an estimated at 17 percent in 2007 (IMF), largely driven by high oil prices and the effect of Hurricane Felix.

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Port-City of Limon Integrated Infrastructure Project

December 2007

Although Costa Rica continues to be regarded as a development success story, recent years have seen the emergence of significant challenges for sustained economic growth and poverty reduction.

Costa Rica still combines a long tradition of political stability with indicators that outstrip regional

IMF Details Problems in El Salvador

May 2016

The IMF has indicated political polarization, high crime and outward migration, rising unit labor costs and high logistics costs, barriers to entry and expansion of business, fiscal uncertainty, and limited human capital.

From a statement issued by the IMF:

The IMF staff team visited San Salvador during April 25—May 6 for the 2016 Article IV consultation and held fruitful discussions with the Salvadoran authorities, parliamentarians, business community, academics, and social partners.

Nicaragua Praised by the IMF

February 2016

The IMF noted the positive evolution of all the country's economic indicators, and the drastic fall in poverty, with an increase of 33% in per capita consumption.

From a press release issued by the IMF:

On January 28, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Nicaragua.

Prospects for Nicaragua's Economy

August 2014

The Central Bank has cut its growth forecast for GDP for the year to 4% - 4.5% and expects inflation to be between 6.55% and 7.5%, higher than initially expected.

From the executive summary of the report "State of the Economy and Prospects, First Semester 2014":

At the end of the first half of the year, the Nicaraguan economy is maintaining positive growth rate, mainly driven by external demand and improved terms of trade.

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