Luis Breuer This is Me

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1. 1. Latin Business Chronicle - Luis Breuer and Arturo Cruz: Central America Needs Consensus

   www.latinbusinesschronicle.com - [Cached]

   Published on: 1/28/2006   Last Visited: 1/28/2006

   BY LUIS BREUER AND ARTURO CRUZ
   ...
   Luis Breuer is deputy division chief at the IMF's Western Hemisphere Department.

2. 2. www.nicanet.org

   www.nicanet.org/archive/hotlin - [Cached]

   Published on: 11/4/2003   Last Visited: 2/3/2008

   Luis Breuer, IMF representative in Managua said that the IMF mission will evaluate the level of hard currency reserves in Nicaragua's Central Bank and the process of transferring to the Treasury Ministry of those assets of the banks that collapsed in 2001 which were not auctioned off by the Central Bank. He also told the country to complete a number of tasks before achieving the promised debt relief. They were: 1) passage of laws on civil service and the public debt; 2) passage of the national budget for 2004; and 3) privatization of the remaining 49% of the telecommunications company ENITEL. "These are commitments that Nicaragua made with the international community and when they are fulfilled, Nicaragua will reach the culmination point of HIPC," Breuer said. It is unclear what will happen if these tasks are not completed. Full privatization of ENITEL would seem impossible to complete legally by December.
   
   Breuer added that the first debt cancellations will come from multilateral institutions such as the Central American Bank for Economic Integration, the World Bank, the Inter-American Development Bank, and the IMF.

3. 3. Nicaragua News - NicaNet Hotline - Nicaragua Network News Service

   www.nicanet.org/hotline.php?id - [Cached]

   Published on: 11/4/2003   Last Visited: 4/25/2007

   Luis Breuer, IMF representative in Managua said that the IMF mission will evaluate the level of hard currency reserves in Nicaragua's Central Bank and the process of transferring to the Treasury Ministry of those assets of the banks that collapsed in 2001 which were not auctioned off by the Central Bank. He also told the country to complete a number of tasks before achieving the promised debt relief. They were: 1) passage of laws on civil service and the public debt; 2) passage of the national budget for 2004; and 3) privatization of the remaining 49% of the telecommunications company ENITEL. "These are commitments that Nicaragua made with the international community and when they are fulfilled, Nicaragua will reach the culmination point of HIPC," Breuer said. It is unclear what will happen if these tasks are not completed. Full privatization of ENITEL would seem impossible to complete legally by December.
   
   Breuer added that the first debt cancellations will come from multilateral institutions such as the Central American Bank for Economic Integration, the World Bank, the Inter-American Development Bank, and the IMF.