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IMF Begins Talks
With Nicaragua On National Economy
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Meet in US
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IMF
Begins Talks With
Nicaragua On National
Economy
A special mission of the
International Monetary
Fund (IMF) Monday began
talks with the
Nicaraguan government on
its national economy.
They discussed the
inflationary spiral in
Nicaragua that has
evoked concerns of the
IMF as well as the
country's use of Welfare
funds to support private
projects.
The talks followed
controversial remarks
made recently by
Nicaraguan President
Daniel Ortega that his
country can proceed
"with or without the IMF."
"We have richness in
Nicaragua and the people
from the Fund must have
it clear," the president
said at at meeting with
local businessmen.
Political opposition and
independent analysts
said the president's
remarks were
inappropriate and could
put at risk Nicaragua's
cooperation with
international
organizations.
The IMF is withholding a
39-million-U.S.-dollar
expenditure out of a
total of 111 million
dollars it has pledged
for a three-year program
in Nicaragua, pending
the approval of an
anti-fraud law in its
parliament.
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