• Costa Rica Coffee Guide

Iran erases $164 million of Nicaraguan debt

May 30, 2012

MANAGUA – Iran remitted $164 million of Nicaraguan debt in a gesture to strengthen economic relations with the government of Daniel Ortega, Iranian Vice President Ali Saeidlo said during a visit to Managua this week.

“I wanted to take this trip to announce this news to you personally,” Saeidlo said on Tuesday. “We are ready to forgive Nicaragua’s debt.”

The debt forgiveness was one of the agreements that President Mahmoud Ahmadinejad promised Ortega after the Nicaraguan leader’s return to power in 2007. Ortega thanked Iran and said his government is “also ready” to boost trade and investment between the two nations.

Nicaragua’s $58 million debt was acquired during Ortega’s first term in the 1980s and grew to $164 million with interest.

Saeidlo arrived in Managua on Monday night from Cuba and plans to continue his tour of other allied countries in the region, including Ecuador.

You may be interested

Government to discuss pandemic response with private sector
Costa Rica
4 views
Costa Rica
4 views

Government to discuss pandemic response with private sector

The Tico Times - May 8, 2021

Government officials will discuss Costa Rica's pandemic response with representatives of other sectors, in context of new records in hospitalizations…

Costa Rica ends work week with new high in Covid hospitalizations
Costa Rica
44 views
Costa Rica
44 views

Costa Rica ends work week with new high in Covid hospitalizations

The Tico Times - May 8, 2021

There are 1,175 people in Costa Rica hospitalized with Covid-19, a new record, the Health Ministry said in its Friday…

Authorities search for hiker missing in Chirripó NP
Costa Rica
9 views
Costa Rica
9 views

Authorities search for hiker missing in Chirripó NP

Alejandro Zúñiga - May 7, 2021

Update: Authorities located the hiker’s body on Saturday morning. Read more via La Nación. **** Costa Rican authorities are searching for…