Social Security Reversal to Lift Nicaragua Deficit, Debt
Crime, Defence & Security / Nicaragua / Fri 27 Apr, 2018
The Nicaraguan government's rollback of social security (INSS) changes amid widespread protests will lead to increased general government financing requirements and debt in 2018 and 2019, says Fitch Ratings. The INSS cash reserves previously projected to last through 2019 are depleting faster than expected. The protests and violence over INSS