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Weekly Report - 05 January 2012 (WR-12-01)
NICARAGUA: Ortega to seek new IMF deal
President Daniel Ortega is planning to seek a new agreement this year with the IMF, according to the president of Nicaragua’s central bank, Antenor Rosales. The announcement points to continuity in economic policy. It once again illustrates the gap between the radical left-wing rhetoric of Ortega, a close ally of Venezuela’s President Hugo Chávez, and the reality of his economic policymaking which prioritises harmonious relations with the private sector. Despite considerable doubts surrounding the legitimacy of his candidacy and the extent of his victory in November’s election, Ortega will be sworn in for a new term next week.
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