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Managua, Nicaragua - Tuesday 16 of January 2007

 

Nicaragua saves resources in the payment of interests when being reduced the external debt. These resources must be invested in the combat to the poverty and the promotion of the production. (the PRENSA/Archivo)
They worry lightening of the I.A.D.B.
 
 
Governors of the organism to meeting in Holland to sharpen pardon of external debt of five countries of Latin America
Representative of the I.A.D.B. confirms that Nicaragua is in the list
 
Ricardo Guerrero Nicaragua
 
economia@laprensa.com.ni
Advance in talks with Costa Rica

 

 

 

The adviser of economic subjects of the Presidency, Bayardo Brown Maple, confirmed to the PRESS that Costa Rica is arranged to reduce a part of the debt of 600 million dollars that Nicaragua maintains from the Eighties, according to the terms of the Initiative to Poor Countries Highly Become indebted (HIPC).

“I spoke with (the president) Aryan (Oscar) and he says that it is possible that a part can be reduced (of the debt)”, showed Maple.

Oscar Aryan participated in the ceremony of taking of possession of Ortega the last week, but hours before traveling to Managua for this act, he noticed that it would be very difficult that its country pardoned part or the totality of which Nicaragua owes to Costa Rica.

A first step that could occur so that Costa Rica accedes to pardon part of the nica debt is an operation of triangulation.

One of them could be that Spain pardons to Costa Rica about 58 million dollars, and this country as well reduces an amount similar to Nicaragua.

The president of the Central bank of Costa Rica (BCCR), Francisco de Paula Gutiérrez, said in the middle of the 2005 that they had made a proposal BCN, to sharpen the amount that Managua must pay to San jOse after applying the lightening established in the HIPC. The BCN was not pronounced on a possible pardon of this debt.

 

The governors of the Inter-American Development Bank (I.A.D.B.) will meet 19 and 20 of January in Ámsterdam, Holland, to define the terms of the condonación of the debts that with the organism have five countries of Latin America, among them Nicaragua.

The representative in Nicaragua of the I.A.D.B., Mirna Liévano de Marques, confirmed to the PRESS which in the encounter the terms of the condonación for each country, that in the case of Nicaragua could be, like minimum will be defined, 600 million dollars.

 

“That meeting (of Ámsterdam) will be for discussing the terms of the condonación of the debt of the Poor Countries Highly Indebted (HIPC), between which are Nicaragua, Haiti, Honduras, Bolivia and Guyana”, Liévano de Marques explained.

 

These countries, whose debt contracted with the I.A.D.B. ascends to about 3.500 million dollars, request that the lightening of the obligations also is applied to that institution.

The presidents of these countries have assured that the weight of this debt “affects the most vulnerable sectors of the societies, risks the reached stability, drives away the investment and threatens the profits of economic growth”.

 

The representative of the I.A.D.B. in Nicaragua said that the agreements that obtain in the meeting of Ámsterdam will be presented/displayed to the plenary one of the Assembly of Governors when they meet in Guatemala the next March.

THE DATE OF CUT

Liévano de Marques said that they are analyzing the date of cut of the debt.

“It seems to Me that it is being spoken of December 2004. What varies is, if the disbursed loans are reduced one hundred percents, or in another percentage”, indicated.

According to numbers of the Central bank of Nicaragua (BCN), the debt with the I.A.D.B. ascends to about 1.200 million dollars.

According to the report, to last September the external debt of Nicaragua went up to around the 4.500 million dollars.

With the pardon of the I.A.D.B. to make official itself, the country could be saved between 20 and 25 million dollars destined to the payment of this debt during the 2007 and to invest them in social and productive projects.

 

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