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
Slothy Sunday: Meet the sloth moms, released and thrivingRachael Griffiths / Toucan Rescue Ranch - September 27, 2020
This Sloth Sunday is dedicated to the released two-fingered sloth moms that have been prospering since being in Toucan Rescue Ranch’s…
Costa Rica reopens to key tourism market as it welcomes Mexican visitorsAlejandro Zúñiga - September 26, 2020
Costa Rica will open its doors to the arrival of tourists from Mexico, after considering a drop in reported Covid-19…
Costa Rica tourism: What states might be allowed next? [updated]Alejandro Zúñiga - September 26, 2020
Since September 1, Costa Rica has welcomed tourists from a growing number of U.S. states. According to Gustavo Segura, Costa…