Nicaragua and Spain hold more talks on debt

The governments of Nicaragua and Spain have signed a new Program of Debt Conversion which will allow Nicaragua to spend 58.2 million dollars on social development projects.

Thursday, June 12, 2008


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This is the second debt conversion program signed between the two countries. It's part of a process of debt forgiveness to Nicaragua. The first was signed in May 2007 and was for 39 million dollars.
The Spanish Embassy said that Spain has forgiven more than 600 million euros (about 900 million dollars) of Nicaragua's debt over the past 10 years.

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The Solis administration has restructured its debts in order to postpone for three years the payment of $842 million for domestic debt titles.

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Costa Rica Tourism Seeks Debt Restructure

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A proposal has been made to create a program within the Banking Development System to allow tourism enterprises to readjust their debts with banks.

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