Page "Economy of Nicaragua" Paragraph 9
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The country is still a recovering economy and it continues to implement further reforms, on which aid from the IMF is conditional.
In 2005, finance ministers of the leading eight industrialized nations ( G8 ) agreed to forgive some of Nicaragua's foreign debt, as part of the HIPC program.
Recently, in March 2007, Poland and Nicaragua signed an agreement to write off $ 30. 6 million which was borrowed by the Nicaraguan government in the 1980s.
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