Nicaragua: Joint Staff Assessment of the Poverty Reduction Strategy Paper Second Progress Report

Volume/Issue: Volume 2004 Issue 019
Publication date: January 2004
ISBN: 9781451829204
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Public Policy - Social Services and Welfare , Poverty and Homelessness , ISCR , CR , PRSP , government , poverty , PRSP target , expenditure , government policy , MDG goal , PRSP implementation effort , government representation , Poverty reduction strategy , Poverty reduction , Inclusive growth , Central America

Summary

The current government has succeeded in reorienting economic policies after a series of shocks and an initial weak policy response. Revised real GDP growth targets are feasible with sustained prudent macroeconomic policies and institutional reforms. The medium-term macroeconomic framework centers on sustained prudent fiscal and monetary policies. The Poverty Reduction Strategy Paper (PRSP) could include a more detailed description of the actions being implemented to strengthen the financial system. The pursuit of fiscal discipline to restore macroeconomic stability has dominated the second year of strategy implementation.