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Nicaragua in talks with Iran on the $164 million petroleum debt incurred in 1986

Friday, January 20, 2012

The government of Nicaragua is in talks with Iran on the $164 million debt incurred for oil purchases by the first Sandinista government in 1986.

"We are continuing with efforts to ensure that the best possible terms for payment of the debt. We aim to have it wholly or partically condoned," said Antenor Rosales, head of the Banco Central de Nicaragua.

Rosales said that during a visit to Iran he agreed on the creation of a commission to promote a solution on the debt that would be amenable to both countries.

Original source (in Spanish): El Nuevo Diario