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Paris Club of Creditor Nations Reduces Nicaragua's Bilateral Debt

LADB Article ID: 56188
Category/Department: Nicaragua
Date: 1995-03-30
By: LADB Staff

On March 23, the Paris Club of creditor nations agreed to cancel 67% of Nicaragua's bilateral debt owed to some nations in the 18-member group, thus modifying a prior arrangement reached in 1991 in which the Paris Club had agreed in principle to pardon 50% of the debt.

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