Map of Nicaragua Tourist on The IMF first has to agree with the country's authorities on a specific program aiming to restore financial and monetary stability and promote economic growth. For short-term balance of payments problems the IMF uses stand-by arrangements that form the core of the fund's lending policies. Loans are given for 1218 months. If a country has a balance of payments problem that takes structural changes to fix, the fund uses the extended fund facility where loans are for three to four years.
The structural program may involve privatization of public enterprises and tax and financial reforms.
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Map Of Nicaragua Tourist
The poverty reduction and growth facility has been used to help the poorest countries achieve sustainable economic growth and improve living standards. It should be pointed out that IMF loans are not given to finance projects.
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