Nicaragua’s poverty reduction strategy was lauded by members of the International Monetary Fund’s executive board. At the conclusion of the board’s review of the strategy, IMF Deputy Managing Director and Acting Chair Murilo Portugal said the strategy was appropriately aligned with boosting the country’s competitiveness through increased investments in infrastructure and the energy sector. Portugal also praised the strategy for aiming to preserve macroeconomic stability and to promote living standards by increasing access to social services.

    About the author

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      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.