Costa Rica Coffee Guide

IMF jittery over Nicaragua inflation

June 13, 2008

The International Monetary Fund is nervous about Nicaragua.

At a meeting Tuesday in Managua, IMF representative Luis Cubeddu expressed the financial body’s concern over inflation in the Central American country, which last year reached 16.8 percent, the highest in the region.

After Nicaragua’s Central Bank announced last week that accumulated inflation as of May 31 hit 9.43 percent, the IMF are not the only ones concerned.

Government economists, who had set a goal to keep inflation rates in the single digits this year, are also starting to worry as the accumulated rate grows nearer to the 10 percent mark.

On the other hand, despite the grim forecast, Central Bank President Antenor Rosales said all is not lost.

Read Friday’s Nica Times, an eight-page publication of The Tico Times, for more on this story.

You may be interested

Costa Rica coronavirus updates for Wednesday, September 23
Costa Rica
5485 views
Costa Rica
5485 views

Costa Rica coronavirus updates for Wednesday, September 23

Alejandro Zúñiga - September 23, 2020

Costa Rica announced 21 new coronavirus-related deaths over the last day for a total of 781, according to official data…

Costa Rica’s Playa Hermosa named as World Surfing Reserve
Costa Rica
11826 views
Costa Rica
11826 views

Costa Rica’s Playa Hermosa named as World Surfing Reserve

Alejandro Zúñiga - September 23, 2020

Save The Waves Coalition has named Playa Hermosa in Garabito, Puntarenas as a World Surfing Reserve (WSR), the non-profit announced…

Costa Rican Presidency makes its case for IMF loan
Costa Rica
833 views
Costa Rica
833 views

Costa Rican Presidency makes its case for IMF loan

Alejandro Zúñiga - September 23, 2020

The Costa Rican Presidency hopes to generate internal support before its planned negotiations for $1.75 billion from the International Monetary Fund…