Gov’t to Start Talks with IMF
MANAGUA – The government of President Daniel Ortega will start negotiations with the International Monetary Fund (IMF) in the coming weeks, according to an inside government source.
Former Sandinista congressman Bayardo Arce, Ortega’s economic advisor and trusted confidant, said the talks with the IMF had been postponed until February to await the outcome of efforts to get the Inter-American Development Bank (BID) to forgive part of Nicaragua’s foreign debt.
Those efforts paid off Jan. 22, when the BID agreed to pardon an additional $984 million of Nicaragua’s debt. The BID is expected to make that announcement official next month.
The IMF’s representative to Nicaragua, Humberto Arbulú, said he had not been informed about Ortega’s decision to postpone talks for a month, but added that the talks would begin when the Nicaraguan President initiated contact with the international lending organization.
Ortega has said he will renegotiate an economic agreement package with the IMF despite being urged not to by his close ally and revolutionary brethren, Venezuelan President Hugo Chávez.
You may be interested
Expect delays at immigration on SaturdayThe Tico Times - April 13, 2021
On Saturday, April 17, planned system maintenance will cause delays at all immigration control posts in Costa Rica, the Immigration…
Costa Rican earns top angler in international tournamentTodd Staley - April 13, 2021
Forty-seven anglers from Guatemala, Dominican Republic, Puerto Rico, Venezuela, the United States and Costa Rica competed last month in the…
Costa Rica stresses protocols as cases, hospitalizations increaseAlejandro Zúñiga - April 13, 2021
Health Minister Daniel Salas on Monday warned of rising coronavirus cases and hospitalizations in Costa Rica, and he reminded Ticos…