Germany is going to cancel 492 million euros (3,6 milliarder DKR) of Nicaraguas debt as part of the international Debt Initiative for Heavily Indebted Poor Countries (HIPC), Germanys Development Minister, Heidemarie Wieczorek-Zeul, said on Wednesday, reports Handelsblatt (Germany).
Worldwide creditor countries have agreed to cancel 3,3 billion US dollar or three-fourths of Nicaraguas debt.
Kilde: www.worldbank.org