Publication:
Poverty Reduction Support Credits: Nicaragua Country Study

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dc.contributor.authorHinds, Manuel
dc.date.accessioned2017-08-17T18:31:31Z
dc.date.available2017-08-17T18:31:31Z
dc.date.issued2010-09
dc.description.abstractNicaragua's state domination of productive capacity from the late 1970s to 1990, coupled with the civil war of the 1980s, left the economy with hyperinflation, large fiscal and current account deficits, and an external debt that was six times gross domestic product. As a result, economic activity declined at a sharp rate. By 1993, per capita income had fallen by a full 60 percent from the 1977 level. By the early 1990s the country was receiving aid equivalent to more than 70 percent of Gross Domestic Product (GDP). Subsequent administrations tried to address the country's economic problems through fiscal and monetary discipline and market-oriented reforms to redefine the role of the state. There were some successes, for example, decisive government action reduced inflation to around 10 percent by 1995, but many reforms failed due to their slow pace and to continued political volatility. The Bank supported the reform agenda with two economic recovery credit operations in the early 1990s. The results were less positive than expected, as the government's capacity to privatize state-owned enterprises and otherwise reform the public sector wavered in the face of political instability. The lack of political consensus prompted the Bank to withdraw from structural adjustment lending for several years. An opening for re-engagement was provided in 2002 when, after several failed attempts, Nicaragua successfully implemented the International Monetary Fund's (IMF) Poverty Reduction and Growth Facility (PRGF). This allowed the Bank to respond to the government's request for assistance to close a financing gap through fast disbursing budget support in the form of a programmatic structural adjustment credit. While technically a structural adjustment loan, the credit supported objectives based on budget-based goals already attained in implementing a Poverty Reduction Strategy Paper (PRSP), which had been prepared by the government in 2001. In this sense, the credit was the last structural adjustment loan and the precursor to the Poverty Reduction Support Credits (PRSCs).en
dc.identifierhttp://documents.worldbank.org/curated/en/253421468053328120/Poverty-reduction-support-credits-Nicaragua-country-study
dc.identifier.doi10.1596/978-1-60244-151-4
dc.identifier.isbn978-1-60244-151-4
dc.identifier.urihttps://hdl.handle.net/10986/27915
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesIEG Working Paper;2010/8
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCESS TO INFORMATION
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectADJUSTMENT LENDING
dc.subjectAGRICULTURAL SERVICES
dc.subjectAID EFFECTIVENESS
dc.subjectALLOCATION
dc.subjectANNUAL RATE
dc.subjectAUDITING
dc.subjectBALANCE OF PAYMENTS
dc.subjectBUDGET CREDIBILITY
dc.subjectBUDGET EXECUTION
dc.subjectBUDGET FORMULATION
dc.subjectBUDGET MANAGEMENT
dc.subjectBUDGET PLANNING
dc.subjectBUDGET PREPARATION
dc.subjectBUDGET PREPARATION CYCLE
dc.subjectBUDGET SUPPORT
dc.subjectBUDGET SUPPORT OPERATIONS
dc.subjectBUDGETARY PROCESS
dc.subjectBUDGETARY RESOURCES
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL INVESTMENT
dc.subjectCENTRAL BANK
dc.subjectCENTRAL GOVERNMENT
dc.subjectCHRONIC MALNUTRITION
dc.subjectCIVIL SERVANTS
dc.subjectCIVIL SERVICE
dc.subjectCIVIL SERVICE LAW
dc.subjectCIVIL SERVICE REFORMS
dc.subjectCIVIL SERVICE SYSTEM
dc.subjectCOMMODITY PRICES
dc.subjectCONDITIONALITIES
dc.subjectCONDITIONALITY
dc.subjectCOUNTRY PROCUREMENT
dc.subjectCOUNTRY PROCUREMENT ASSESSMENT
dc.subjectDEBT
dc.subjectDEBT BURDEN
dc.subjectDEBT RELIEF
dc.subjectDEBT SERVICE
dc.subjectDIAGNOSTIC WORK
dc.subjectDIVISION OF LABOR
dc.subjectDONOR COORDINATION
dc.subjectDRINKING WATER
dc.subjectDUE DILIGENCE
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC RECOVERY
dc.subjectECONOMIC REFORM
dc.subjectELIMINATION OF POVERTY
dc.subjectEXPENDITURES
dc.subjectEXTERNAL AID
dc.subjectEXTERNAL AUDIT
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FINANCING
dc.subjectEXTREME POVERTY
dc.subjectFINANCE MINISTRY
dc.subjectFINANCIAL ACCOUNTABILITY
dc.subjectFINANCIAL ADMINISTRATION
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL MANAGEMENT REPORT
dc.subjectFINANCIAL MANAGEMENT SYSTEM
dc.subjectFINANCIAL OPERATIONS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STRUCTURE
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL ADJUSTMENT
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL IMPACT
dc.subjectFISCAL IMPLICATIONS
dc.subjectFISCAL STABILITY
dc.subjectFOREIGN INVESTMENT
dc.subjectGENERAL BUDGET SUPPORT
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT POLICY
dc.subjectGOVERNMENT PRIORITIES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHEALTH CARE
dc.subjectHEALTH PROBLEMS
dc.subjectHEALTH SECTOR
dc.subjectHEALTH SERVICES
dc.subjectHUMAN CAPITAL
dc.subjectINCOME GROWTH
dc.subjectINEQUALITY
dc.subjectINFLATION
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectLOCAL CURRENCY
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectMACROECONOMIC FRAMEWORK
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC SITUATION
dc.subjectMACROECONOMIC STABILITY
dc.subjectMEDIUM TERM EXPENDITURE
dc.subjectMEDIUM TERM EXPENDITURE FRAMEWORK
dc.subjectMEDIUM-TERM EXPENDITURE
dc.subjectMEDIUM-TERM EXPENDITURE FRAMEWORK
dc.subjectMINISTRY OF FINANCE
dc.subjectMONETARY DISCIPLINE
dc.subjectMUNICIPALITIES
dc.subjectNATIONAL AUTHORITIES
dc.subjectNATIONAL DEVELOPMENT
dc.subjectNATIONAL DEVELOPMENT PLAN
dc.subjectNATIONAL INCOME
dc.subjectNET PRESENT VALUE
dc.subjectPENSION REFORM
dc.subjectPERFORMANCE ASSESSMENT
dc.subjectPERSONNEL MANAGEMENT
dc.subjectPOLICY FORMULATION
dc.subjectPOOR
dc.subjectPOOR COUNTRIES
dc.subjectPOOR HOUSEHOLDS
dc.subjectPOOR PEOPLE
dc.subjectPOVERTY ALLEVIATION
dc.subjectPOVERTY ASSESSMENT
dc.subjectPOVERTY ASSESSMENTS
dc.subjectPOVERTY PROGRAMS
dc.subjectPOVERTY RATES
dc.subjectPOVERTY REDUCING
dc.subjectPOVERTY REDUCTION
dc.subjectPOVERTY REDUCTION OBJECTIVES
dc.subjectPOVERTY REDUCTION PROGRAMS
dc.subjectPOVERTY REDUCTION STRATEGIES
dc.subjectPOVERTY REDUCTION STRATEGY
dc.subjectPOVERTY REDUCTION STRATEGY PAPER
dc.subjectPOVERTY REDUCTION STRATEGY PAPERS
dc.subjectPOVERTY REDUCTION SUPPORT
dc.subjectPOVERTY SITUATION
dc.subjectPOVERTY-REDUCTION GOALS
dc.subjectPRICE STABILITY
dc.subjectPRIVATE FUNDS
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE PENSION
dc.subjectPRIVATE SECTOR
dc.subjectPROGRAM DESIGN
dc.subjectPROGRAM OBJECTIVES
dc.subjectPROGRAMS
dc.subjectPUBLIC AGENCIES
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EMPLOYEES
dc.subjectPUBLIC ENTITIES
dc.subjectPUBLIC EXPENDITURE REVIEW
dc.subjectPUBLIC EXPENDITURE TRACKING
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC FINANCIAL MANAGEMENT
dc.subjectPUBLIC FINANCIAL MANAGEMENT SYSTEM
dc.subjectPUBLIC FINANCIAL MANAGEMENT SYSTEMS
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC INSTITUTIONS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENT PROGRAM
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC RESOURCES
dc.subjectPUBLIC SECTOR BUDGET
dc.subjectREFORM AGENDA
dc.subjectREFORM EFFORTS
dc.subjectREFORM PROGRAM
dc.subjectRESOURCE FLOWS
dc.subjectRURAL
dc.subjectRURAL DEVELOPMENT
dc.subjectRURAL ELECTRIFICATION
dc.subjectRURAL FAMILIES
dc.subjectRURAL FAMILY
dc.subjectRURAL WATER
dc.subjectSANITATION
dc.subjectSCHOOL ADMINISTRATION
dc.subjectSECTOR EXPENDITURE
dc.subjectSERVICE DELIVERY
dc.subjectSOCIAL EXPENDITURES
dc.subjectSOCIAL POLICIES
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SECURITY
dc.subjectSOCIAL SERVICE
dc.subjectSOCIAL SERVICES
dc.subjectSTABILIZATION POLICIES
dc.subjectSTRUCTURAL ADJUSTMENT
dc.subjectSTRUCTURAL ADJUSTMENT LOANS
dc.subjectSTRUCTURAL REFORM
dc.subjectSTRUCTURAL REFORMS
dc.subjectSUSTAINABLE REDUCTION OF POVERTY
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTOTAL EXPENDITURES
dc.subjectTOTAL PUBLIC EXPENDITURE
dc.subjectTOTAL PUBLIC SECTOR
dc.subjectTRANSPARENCY
dc.subjectUNCERTAINTY
dc.subjectWAR
dc.subjectYEARLY BUDGET
dc.titlePoverty Reduction Support Creditsen
dc.title.subtitleNicaragua Country Studyen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2011-02-13
okr.date.doiregistration2025-04-14T12:33:26.588887Z
okr.date.doiregistration2025-04-15T02:46:24.517216Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/253421468053328120/Poverty-reduction-support-credits-Nicaragua-country-study
okr.guid253421468053328120
okr.identifier.externaldocumentum000333037_20110213234645
okr.identifier.internaldocumentum13771843
okr.identifier.report59623
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/253421468053328120/pdf/596230NWP01pub1B00prsc1nicaragua1cs.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryNicaragua
okr.topicLaw and Development::Corruption & Anticorruption Law
okr.topicPoverty Reduction::Rural Poverty Reduction
okr.topicPublic Sector Development::Public Sector Management and Reform
okr.topicMacroeconomics and Economic Growth::Development Economics & Aid Effectiveness
okr.unitFinance & Private Sector (LCSPF)
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