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Nicaragua in talks on new accord with Monetary Fund

Tuesday, November 13, 2012

Nicaragua has launched talks with the International Monetary Fund for a new financial aid package.

The amount of the aid could be similar to the previous package, which expired last year, Nicaragua had with the IMF for $120 million, said the president of the Central Bank, Alberto Guevara.

The package aims to reform the country's tax system, as well as making changes to the social security pensions.

Full story (in Spanish)