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


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.

More on this topic

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July 2016

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

Although the government of Luis Guillermo Solís calls it "the best period in debt swaps in the history of the Ministry of Finance", the decision to redeem debt securities maturing between September 2016 and December 2017 for securities with maturities of more than three years, helps improve the maturity profile, but in reality it is "kicking down the line" a serious cash flow problem that needs to be resolved urgently.

Yanber Requests Suspension of Payments Agreement

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The manufacturer of flexible packaging and films which has a presence in several countries in the region and in Colombia, has filed for an agreement of suspension of payments in Costa Rica in order to avoid going bankrupt.

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Costa Rica Tourism Seeks Debt Restructure

September 2014

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

If the bill introduced in Congress thrives, a group composed of representatives from the Costa Rican Institute of Tourism, the Banking Development System and the Ministry of Planning (Mideplan) would analyze each case and determine which companies could opt for restructuring.

Honduras: Pension Funds Invest in Infrastructure

July 2014

With $300 million in funding from the BCIE payments will be made on domestic debt which is currently concentrated in the welfare institutes which will be able to invest in productive projects.

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