en.people.cn
Newsletter
Weather
Community
English home
Forum
Photo Gallery
Features
Newsletter
Archive
 
About US
Help
Site Map

Home >> Business
UPDATED: 11:18, March 31, 2007

Poland forgives nearly 31 million dollars of debt owed by Nicaragua
     

Nicaragua and Poland signed an agreement on Friday to write off 30.6 million U.S. dollars of the 1980s debt that was borrowed by the first government of incumbent President Daniel Ortega.
The accord, reached within the framework of the Highly Indebted Poor Countries Initiative, was inked by Nicaragua's Central Bank President Antenor Rosales, Finance Minister Alberto Guevara, and Polish Ambassador Andrezj Braiter.
Nicaraguan Foreign Minister Samuel Santos, who was present at the signing ceremony, stressed the need and importance of the support his nation is receiving in the Central American integration project.
The forgiven debt includes 20 million dollars of Central Bank debt and 10 million incurred by the Finance Ministry.
The debt was originally part of two credit lines signed by Poland in 1984 and 1987 to sell crop spraying aircraft, water pumps, galvanized zinc laminate, tires, steel, construction joints, motors and spare parts.
Source: Xinhua

Comment on the story
Tell a friend
Print friendly format
Save this

   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
Dic

Versions:
Copyright by People's Daily Online, all rights reserved
ChinaWorldOpinionBusinessSci-EduCulture/LifeSportsPhotosNewsletterOnline CommunityChina Biz InfoNews ArchiveFeedbackVoices of ReadersWeather ForecastChinaBusinessWorldSci-EduCulture/LifeSportsPhotosMost PopularFM Briefings China at a glance China in brief 2004 Chinese history Constitution Laws & regulations CPC & state organs Ethnic minorities Selected Works of Deng Xiaoping English websites of Chinese embassies