01899cas a2200241 a 4500 AALejournalIMF021376 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513561745 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Nicaragua : Requests for Purchase under the Rapid Financing Instrument and Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Nicaragua. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (55 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Nicaragua faces an acute crisis as the COVID-19 shock comes on top of a two- year recession. So far, the speed of transmission of the pandemic in Nicaragua, in terms of officially confirmed cases, has been slower than in neighboring countries, but this may understate the true spread of the disease. The pandemic is expected to produce the third year of consecutive recession and lead to large fiscal and external financing needs given the impact of voluntary distancing and regional and global spillovers. The very limited fiscal space, eroded by the ongoing recession and the limited external financing, constrains the authorities' ability to self-finance the emergency response. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2020/307 Full text available on IMF http://elibrary.imf.org/view/journals/002/2020/307/002.2020.issue-307-en.xml IMF e-Library