IMF jittery over Nicaragua inflation
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
Pic of the Day: Costa Rica’s Isla Nublar (aka Cocos Island)Alejandro Zúñiga - April 18, 2019
Isla Nublar, the setting for much of the "Jurassic Park" series, is unfortunately not a real Costa Rican island. Cocos…
Costa Rica holds Maduro regime responsible for diplomat’s safetyAFP and The Tico Times - April 18, 2019
The Costa Rican Foreign Ministry said on Wednesday that it places responsibility with the Venezuelan government of Nicolás Maduro for…
Venezuela withdraws diplomatic credential from Costa Rican diplomatAFP and The Tico Times - April 17, 2019
Venezuela withdrew the diplomatic credential from the Costa Rican chargé d'affaires on Tuesday in retaliation for the country’s acceptance of…