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Economy Of Nicaragua

* These three Dutch Caribbean territories form the BES islands. Physiographically, these are continental islands not a part of the volcanic Windward Islands arc. However, based on proximity, these islands are sometimes grouped with the Windward Islands culturally and politically. ~ Disputed territories administered by Colombia. # Physiographically, Bermuda is an isolated oceanic island in the North Atlantic Ocean, not a part of the Antilles, West Indies, Caribbean, North American continent or South American continent
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2008–2012 Global Recession

The Great Recession met the IMF criteria for being a global recession only in the single calendar year 2009.[16][17] That IMF definition requires a decline in annual real world GDP per‑capita. Despite the fact that quarterly data are being used as recession definition criteria by all G20 members, representing 85% of the world GDP,[18] the International Monetary Fund (IMF) has decided—in the absence of a complete data set—not to declare/measure global recessions according to quarterly GDP data. The seasonally adjusted PPP‑weighted real GDP for the G20‑zone, however, is a good indicator for the world GDP, and it was measured to have suffered a direct quarter on quarter decline during the three quarters from Q3‑2008 until Q1‑2009, which more accurately mark when the recession took place at the global level.[19] According to the U.S
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External Debt
External loan (or foreign debt) is the total debt which the residents of a country owe to foreign creditors; its complement is internal debt which is owed to domestic lenders. The debtors can be the government, corporations or citizens of that country. The debt includes money owed to private commercial banks, foreign governments, or international financial institutions such as the International Monetary Fund (IMF) and World Bank. Note that the use of gross liability figures greatly distorts the ratio for countries which contain major money centers such as the United Kingdom due to London's role as a financial capital
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List Of Countries By Public Debt
These are lists of countries by public debt, based on data from the CIA's World Factbook and the IMF. Net debt figure is the cumulative total of all government borrowings less repayments that are denominated in a country's home currency.[further explanation needed] Gross government debt is the total amount of debt the government has issued and is the most relevant data for discussions of government default and debt ceilings. It is different from external debt, which includes the foreign currency liabilities of non-government entities. Net debt subtracts financial assets a government holds from the gross debt amount. Net debt would decrease by about one-third of GDP. The public debt relative information provided by national sources (CIA) is not always objective and true, given the fact that there is no independent research in these matters
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Daniel Ortega

José Daniel Ortega Saavedra (Spanish pronunciation: [daˈnjel oɾˈteɣa]; born November 11, 1945) is a Nicaraguan politician serving as President of Nicaragua since 2007; previously he was leader of Nicaragua from 1979 to 1990, first as Coordinator of the Junta of National Reconstruction (1979–1985) and then as President (1985–1990). A leader in the Sandinista National Liberation Front (Spanish: Frente Sandinista de Liberación Nacional; FSLN), he has implemented policies to achieve leftist reforms across Nicaragua. Born into a working-class family, from an early age Ortega opposed ruling President Anastasio Somoza Debayle, widely recognized as a dictator, and became involved in the underground movement against his government
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European Union

The European Council gives political direction to the EU. It convenes at least four times a year and comprises the President of the European Council (currently Charles Michel), the President of the European Commission and one representative per member state (either its head of state or head of government). The High Representative of the Union for Foreign Affairs and Security Policy (currently Josep Borrell) also takes part in its meetings. It has been described by some as the Union's "supreme political authority".[141] It is actively involved in the negotiation of treaty changes and defines the EU's policy agenda and strategies. The European Council uses its leadership role to sort out disputes between member states and the institutions, and to resolve political crises and disagreements over controversial issues and policies
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Heavily Indebted Poor Countries
The heavily indebted poor countries (HIPC) are a group of 39 developing countries with high levels of poverty and debt overhang which are eligible for special assistance from the International Monetary Fund (IMF) and the World Bank. HIPC addressed its shortcomings by expanding its definition of unsustainable debts, making greater relief available to more countries, and by making relief available sooner.[5] Since 1996, the IMF has modified HIPC in several ways, often in response to the shortcomings its critics have highlighted. The IMF first restructured HIPC in 1999. These revisions modified HIPC's threshold requirements. Today, HIPC defines three minimum requirements for participation in the program. First, as before, a country must show its debt is unsustainable; however, the targSince 1996, the IMF has modified HIPC in several ways, often in response to the shortcomings its critics have highlighted. The IMF first restructured HIPC in 1999
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