IADB pardons multi-billion dollar debt for L. American nations

The Inter-American Development Bank announced on Friday that it will pardon the debts of five Latin American nations from around the region. The debt forgiveness plan- which will be between $2.1 billion and $3.5 billion- affects Nicaragua, Bolivia, Guyana, Haiti, and Honduras.

Links- San Jose Mercury News, Bloomberg

Image- Pravda

Tags- Latin America, Inter-American Development Bank, foreign debt