$150 Million from IMF to Honduras

©image: Pamela Carls

By providing this funds as special wire rights, the International Monetary Fund (IMF), becomes the first international entity recognizing Honduras interim government.

"The loan, in concession conditions, is part of the international support program by G-20 for developing economies. It seeks to soften the impact of the international financial crisis", reports Elfinancierocr.com.

Source: elfinancierocr.com

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$243 Million from IMF for Guatemala

September 2009

The Central Bank of Guatemala (Banguat) increased its international reserves with the approval of Special Wire Rights by the IMF.

Julio Suárez, vice president of the Banguat, said that "currently these funds are part of our international monetary reserves, and if the need arises, they can be used".

$150 Million for Nicaragua

August 2009

The country will strengthen its international reserves with a loan by IMF.

The loan was officially communicated by the Central Bank of Nicaragua, who added that: "...these resources provided by the International Monetary Fund will help Nicaragua consolidate its macroeconomic framework by strengthening its international reserves, reinforcing the country's financial security network and easing the impact of the global financial and economic crisis", reported Elnuevodiario.com.

Change of Chairman at Central Bank of Nicaragua

February 2012

A week after Antenor Rosales declared that international reserves "are not to be managed according to someone’s whims and preferences", he has been dismissed by President Ortega.

Alberto Guevara, hitherto the Minister of Finance, is the new Chairman of the Board of the Central Bank of Nicaragua. Guevara said that the economic policy of Daniel Ortega’s government will not change.

Nicaragua Accumulates Currency Reserves

April 2012

A record amount of $1.938 billion in gross international reserves has been recorded in the country, a reflection of the stability and economic growth in recent years.

Mario Arana, former president of the Central Bank of Nicaragua (BCN) notes that the policy of fiscal discipline that has been maintained, has allowed the reserves to accumulate, which provide an optimistic outlook on any external shocks generated by the current problems of the industrialized economies.