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Economy / Nicaragua

Macroeconomic Forecast Nicaragua

April 2006 | Macroeconomic Forecasts

Inflation reached 10.5% y-o-y in February, after registering 10.3% in the first month of this year. In February 2005 inflation was 8.18% y-o-y. Prices rose for food products, notably dairy produce due to the low yields at this time of the year, as well as for educational materials at the start of the school year. Meanwhile, Nicaragua's external debt will be reduced by around 22% by the end of the year, as the debt pardoning from the world bank and IMF kick in under the highly indebted poor countries initiative HIPC.

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