IMF Delegation Arrives in Managua

February 29, 2008

A high-level mission from the International Monetary Fund (IMF) arrived in Nicaragua this week to evaluate the Ortega administration’s compliance with the economic assistance package agreed upon last year.

The mission, which will be here for two weeks, will meet with members of the government to evaluate the state of the country’s economy, and its perspectives for 2008.

According to Francisco Aguirre Sacasa, head of the National Assembly’s Economic Commission, one of the top issues of interest for the IMF will be that of Venezuelan aid, and transparency of government funding.

President Ortega has been heavily criticized for not disclosing the full amount of Venezuelan aid entering the country, and for not including it in the budget.

Nicaragua’s oil business with Venezuela is also murky. It is calculated that as much as $400 million has been generated already from sales.

 

You may be interested

Cold front claims fourth victim in Costa Rica
Weather
965 views
Weather
965 views

Cold front claims fourth victim in Costa Rica

Katherine Stanley - December 12, 2017

High winds claimed the life of a fourth victim in Costa Rica as the cold front that has been moving…

With Keylor Navas battling injuries, Real Madrid eyes January swoop for Bilbao goalie
Keylor Navas
511 views
Keylor Navas
511 views

With Keylor Navas battling injuries, Real Madrid eyes January swoop for Bilbao goalie

AFP - December 11, 2017

Real Madrid's first foray into the January transfer market will be to snap up Athletic Bilbao's promising goalkeeper Kepa Arrizabalaga,…

Our High Season Print Edition is here! Here’s where to find it
The Tico Times
704 views
The Tico Times
704 views

Our High Season Print Edition is here! Here’s where to find it

Katherine Stanley - December 11, 2017

In the weeks since the relaunch of The Tico Times on Sept. 1, we’ve been hard at work to reconnect…