Central Bank of Nicaragua hosts 303rd Central American Monetary Council meeting focused on the 2025 outlook and policy risks

The Central Bank of Nicaragua reported that its president, Ovidio Reyes Ramírez, is hosting and participating in the 303rd meeting of the Central American Monetary Council (CMCA) in Managua, convening central bank authorities from Central America and the Dominican Republic alongside the Secretariat of Central American Economic Integration (SIECA), the International Monetary Fund (IMF) and the Inter-American Development Bank (IDB). The agenda centres on reviewing the region’s macroeconomic context and discussing the 2025 economic outlook and associated risks. Items for discussion include the potential impact of tariff and migration policies adopted by major industrial economies and the challenges for Central American economic integration amid global trade fragmentation. The programme includes perspectives from IMF Executive Directors André Roncaglia de Carvalho and Xiana Margarida Méndez Bértolo on regional economic policy challenges for 2025, an IMF presentation on the Forecasting and Policy Analysis System (FPAS) and its use by regional central banks, and an IDB briefing on lessons from Singapore’s monetary framework, exchange-rate system and international competitiveness. CMCA members are also set to discuss innovative central banking initiatives and administrative matters for the CMCA Executive Secretariat (SECMCA), including its Institutional Strategic Plan. The meeting is scheduled to run on 13–14 March in Managua.