Home | Business News | Browse by Publication | N | NotiCen: Central American & Caribbean Affairs

NICARAGUA HELPS IMF SEE THE ERRORS OF ITS WAYS AND ACCEPTS A US$107 MILLION LOAN.

Publication: NotiCen: Central American & Caribbean Affairs
Publication Date: 16-AUG-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
A months-long staredown between Nicaragua's President Daniel Ortega and the International Monetary Fund (IMF) is over, and it looks like Ortega won. Nicaragua and the fund have agreed to a new loan on what Central Bank President Antenor Rosales is calling the government's own terms. Rosales said on July 29 that an agreement would be signed in September on a US$107 million loan. The banker said that even the amount represents a victory for the Nicaraguans; the fund wanted to hold it to US$90 million. He also said this is the first IMF loan to emphasize social concerns.

Many in the international financial community were betting against a successful conclusion to the marathon negotiations, recalling that Ortega came into office in January promising he would free the country from the IMF within five years (see NotiCen, 2007-04-26). The probability of a loan looked particularly slim in June,...

Access Full Article, Compliments of Goliath

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 3 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



More articles from NotiCen: Central American & Caribbean Affairs
BRAZIL'S PRESIDENT FINDS ETHANOL A HARD SELL IN CENTRAL AMERICA., August 16, 2007

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.