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.

 

Facebook Comments

You may be interested

Mexico opens border to women and children from migrant caravan
Honduras
1069 views
Honduras
1069 views

Mexico opens border to women and children from migrant caravan

AFP - October 20, 2018

Mexican authorities on Saturday allowed dozens of women and children from the Honduran migrant caravan to pass into its territory,…

Venezuela accuses Costa Rica of ‘subordination’ to U.S.
Costa Rica
1816 views
Costa Rica
1816 views

Venezuela accuses Costa Rica of ‘subordination’ to U.S.

AFP - October 20, 2018

Venezuela criticized Costa Rica this week for expressing support for several countries that have asked the International Criminal Court (ICC)…

Lifeguards call for help in Costa Rica: support their work in Osa
Changemakers
2137 views
Changemakers
2137 views

Lifeguards call for help in Costa Rica: support their work in Osa

Perry Gladstone - October 20, 2018

Over the last four years, the Lifeguards of Costa Ballena have performed 240 in-water rescues, administered first aid 100 times…