Nicaraguan President Ortega
Abides by IMF Requirements
Nicaragua’s president Daniel Ortega has taken the oath to the new
four members of the Central Bank board, one of the conditions
demanded by the IMF to sign a three year support and monitor
financial program.
Nicaraguan Central Bank president Antenor Rosales said over the
weekend that the responsibility of the board is to ensure price
stability and a normal compliance of international and domestic
commitments.
The naming of the four new members was part of the understanding
reached with the IMF for the financial agreement signed October 2007
and which remained unaccomplished because of political difficulties.
President Ortega is a close ally of Venezuela’s Hugo Chavez and is a
member of the trade and development organization started by the
Venezuelan president, ALBA (Bolivarian Alternative for the
Americas).
The Nicaraguan government last September had finally agreed with the
IMF to name the new four members of the Central Bank board,
following the resignation of three seats last May.
However the National Assembly which had to confirm support for the
agreement did not meet for two months because the opposition was
protesting an alleged fraud in November’s municipal elections.
But last January 22nd parliament again convened and approved the
naming of three new members, to replace those who had resigned, and
a fourth whose term was up.
Nicaragua, one of the poorest countries of Latinamerica and despite
the rhetoric of the current Ortega administration is highly
dependent on significant international support |
|
|
|
|
|
