The International Monetary Fund says it will close the office in Nicaragua that it has operated since 1995 in the face of the country's heartening economic growth, according to AP. The IMF has praised Nicaragua's growth and stability, but says it will continue providing advice and visiting the country. IMF representative Juan Zalduendo said Wednesday that Nicaragua's annual growth has been above 4 percent per year. Zalduendo said the decision to close the office "reflects the success Nicaragua has had in maintaining macroeconomic stability and growth."
