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Nicaragua Reserves Higher than
Ever
The president of Nicaragua
Central Bank (BCN) Antenor
Rosales, assured the reserves of
this Central American country
have achieved their highest
level in the national history
during the first three months of
the Sandinista government.
"For the first time we have
achieved 935 million dollars,"
assured the official on Tuesday
night in declarations to the
local and foreign press.
This record figure is a fair
indicator that the Nicaraguan
economy is enjoying good health.
Another positive element is that
the Nicaraguan exports in the
first three months of 2007 were
greater than those of 2006 in
the same period.
"I think the Nicaraguans are
going in the right way,"
stressed Rosales, defending the
economic procedure of the
government led by President
Daniel Ortega, and rejecting the
opposition s criticism of his
first 100 days in power.
The official highlighted the
authorities efforts to solve the
energy crisis in the country and
increase agricultural
production.
Rosales also confirmed the
arrival of a mission from the
International Monetary Fund on
April 30, to discuss the new
economic-financial program with
the local authorities.
He also assured the BCN will
honor its obligations with
securities granted by previous
governments to prove that it
wants to create certainty and
juridical safety.
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