Is Nicaragua a medium-level nation?

Although Nicaragua is qualified for international cooperation as one of the middle class nations, it continues to need support because it has a high level of external debt.

Tuesday, June 17, 2008

The nation also faces a considerable load of internal debt, which includes Negotiable Investment Certificates, bank debt, and bonds.
Last year Switzerland announced that it was withdrawing its support to Nicaragua, and in April of this year Germany did the same. So did the United Kingdom and Finland.
Only Switzerland announced the total withdrawal from collaboration, which in 2007 came to 43.1 million dollars.
These decisions appear to be based on a technicality: that per capita income in Nicaragua has surpassed 1,000 dollars, which is the upper threshold for qualifying for this kind of aid.

More on this topic

El Salvador: Moody's Downgrades Rating to B1

August 2016

The government's inability to stop the growth of debt in the context of low economic growth and a high fiscal deficit is the reason for the reduction in the rating.

From a press release by Moodys:

New York, August 11, 2016 -- Moody's Investors Service has today downgraded El Salvador's issuer and debt ratings to B1 from Ba3 and placed the ratings on review for further downgrade.

Nicaragua Gets B+ Credit Rating

December 2015

The upward trend in economic growth, prudent fiscal policy and debt reduction explain the B + grade with a stable outlook given by Fitch Ratings.

From the press release by Fitch Ratings:

Fitch Ratings-New York-16 December 2015: Fitch Ratings has assigned first-time ratings to Nicaragua as follows:

Nicaragua's foreign debt reaches $3.46 billion

September 2008

The balance of the external debt at the close of the first semester this year rose to $3.46, an increase of $25 million between April and June.

For the Central Bank, the country's foreign debt "reflects a positive tendency" that will lead the country to a sustainable level of debt.

Panama's industrial Sector revenues to grow by 18.3%

June 2008

Revenues from the manufacturing industry in Panama will reach more than 879 million dollars during the first quarter of this year, an 18.3 percent increase over last year.

The Comptroller General of the Republic said Thursday the size of this increase contrasts with the growth of volume of production, which stood at just 2.4 percent.

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