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Caribbean & Central America - May 2013 (ISSN 1741-4458)

ECONOMIC OVERVIEW: NICARAGUA

Foreign debt rises: Last month, Nicaragua’s central bank released a report which showed that at the end of 2012, the country’s foreign debt reached US$8.66bn, 11.2% up on the previous year. Of the US$870.8m increase, US$654m corresponded to the private sector. The ratio of total external debt to GDP was 82.5%, up from 80.9% in 2011.

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