President, Central Bank Antenor Rosales of Nicaragua

MANAGUA – Nicaragua's Central Bank President Antenor Rosales has abandoned his original goal of 4.

Faced with double-digit inflation, falling commodity prices and foreign aid cuts from countries concerned about eroding political freedoms here, Rosales said Nicaragua will have to focus on “keeping credit flowing” in 2009 to keep the economy growing.

Rosales says thanks to a drop in oil and food prices, inflation is not expected to climb higher than 15 percent in 2008.

Rosales said that move would harm Nicaraguan workers and entrepreneurs alike.

Rosales said Nicaragua's economy, with IMF aid, could be 4.

What Rosales said then and nowAntenor Rosales publicly attacked our proposal in 2006, before being named BCN president in the Ortega government.

Now, in 2008, Rosales has just announced his renegotiation of the Bank Bonds as a great victory, even though he has extended the repayment period another two years and the interest rate reduction was insignificant.

Nicaraguan Central Bank President Antenor Rosales met with the justices of the Supreme Court on Apr 2 to discuss the thorny issue of payments on the CENIS (Certificates of Negotiated Investment) debt.

As a result, Rosales said that the Central Bank will make the next payment on the debt (some US$20 million) as scheduled on the Apr 15.

var RTR_ArticleBlurb = " MANAGUA, June 11 (Reuters) - Nicaragua will fail to keep inflation inside its single-digit target this year, mainly because of high oil crude prices, the central bank head Antenor Rosales said on Wednesday.

Nicaragua Central Bank President Antenor Rosales said the accord will secure $110 million worth in credits for the next three years.

Rosales said the first installment, of $18.

central bank chiefNicaragua's government will continue its budget and fiscal policy and measures with or without an economic cooperation programme with the International Monetary Fund (IMF), Nicaragua's Central Bank President Antenor Rosales said on Thursday.

In an interview with local radio "La Nueva Radio Ya", Rosales said Nicaragua needs an agreement with the IMF to strengthen international confidence in this Central American country's economy, but Nicaragua will apply its fiscal measures with or without the IMF.

Rosales said Nicaragua has proposed to renegotiate with the IMF to issue an internal debt of over 500 million US.

Central Bank President Antenor Rosales said the government still plans on paying the $48 million debt it accrued in a controversial 2001 private bank bailout and plans to reach an agreement by April.

Apr 11, 2008 Nicaraguan Central Bank President Antenor Rosales met with the justices of the Supreme Court on Apr 2 to discuss the thorny issue of payments on the CENIS (Certificates of Negotiated.

Felix in September and storms that wiped out crops in October.

Antenor Rosales said the fighting took place when 60 rebels seized a police post in Jalapa, 125 miles north of Managua.

The Nica TimesCentral Bank Aims for ?Minimal Growth? in ?09The Nica Times,Nicaragua- Dec 23, 2008By Blake Schmidt MANAGUA ? Nicaraguas Central Bank President Antenor Rosales has abandoned his original goal of 4.

Rosales said that a high level IMF mission will be visiting Nicaragua in June in order to reevaluate the level of fulfillment of the conditions established within the economic program.