The Japanese government on Friday forgave 118 million US dollar (720 mio. DKR) in debt that Nicaragua owes Tokyo, government officials announced.
The pardon is part of a program approved in January by the World Bank and the IMF in which 82 percent of Nicaraguas debt owed to foreign countries would be forgiven. Nicaragua currently has a foreign debt of some seven billion dollars.
Kilde: www.worldbank.org