Nicaragua Concludes IMF Negotiation

©image: International Monetary Fund

Antenor Rosales, President of Nicaragua's Central Bank, added that in this week's negotiations they have discussed two letters of intent.

"The first is related to the fourth and fifth revision of the economic program and its enlargement for 2011, while the other is about a discussed two-month extension, which could be signed today", reported El Nuevo Diario on its website.

Source: elnuevodiario.com.ni

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Nicaragua Begins Negotiations with IMF

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The Nicaraguan government is meeting with an IMF mission to hold discussions on a $78 million loan.

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El Nuevo Diario reports statements from the president of Nicaragua's central bank, Antenor Rosales: "we are determined to achieve general agreement with this mission to enable the existing credit and debt servicing program we have with the IMF to be formally recognized by the fund's directorate by November or early December".

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