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Nicaragua urged to seal deal with Fund by October

Thursday, August 30, 2012

Nicaragua must reach a new financial agreement with the International Monetary Fund by October this year, in order to have access to new resources from the World Bank and the Inter-American Development Bank.

If the agreement fails to be signed, Nicaragua risks losing the macroeconomic stability it has achieved up to now, experts said.

"The problem is that if the agreement isn't reached this year, Nicaragua will lose reserves, as has happened throughout the year", said economist René Valecillo.

Source (In Spanish): El Nuevo Diario