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Report No. 10785-NI Nicaragua Public Sector Expenditure Review (In Three Volumes) Volume l: Main Findings and 2%ecommendations September 11, 1992 Country Operationis Division 2 1 1 Country Department II . z Latin America and the Caribbean Region ' FOR OFFICIAL USE ONLY Document of the World Bank This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization. CURRENCY One Cordoba (CO) = One Hundred Centesimos (