No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeNewsCosta RicaU.S. Congress looks to condition loans to Nicaragua on political changes

U.S. Congress looks to condition loans to Nicaragua on political changes

Nicaraguan politicians and economists expressed concern Thursday after the United States House of Representatives passed a bill calling for economic sanctions against Daniel Ortega’s government for restricting free elections and curbing political freedoms.

The Nicaragua Investment Conditionality Act (NICA) was passed unanimously Wednesday in the U.S. House of Representatives. The Senate would have to pass the bill and President Barack Obama would have to sign it in order for the bill to become law.

According to Florida Republican Rep. Ileana Ros-Lehtinen, the bill’s main sponsor, the law looks to “stop Ortega from accessing international funds until he adopts reforms that promote democracy, strengthen the rule of law, respect human rights, and celebrate free, fair, and transparent elections supervised by electoral observers.”

“It’s unfortunate, but this is the result of the misrule under Ortega, who has been building a dictatorship disrespecting all human rights,” Violeta Granera, an ex-candidate for the vice presidency told AFP.

On the wrong track

The main Nicaraguan opposition candidate was banned earlier this year from the Nov. 6 general elections, in which President Ortega of the Sandinista National Liberation Party (FSLN) is seeking a third consecutive term. Opposition leaders have called this year’s elections an “electoral farce.”

The opposition has said it will continue to try and undermine Ortega’s reelection plans by intensifying calls for abstention and protest, hoping to force a new election with international observation and an impartial electoral tribune. They also made an effort this week to reorganize under an expanded coalition.

Nicaragua receives $250 million in loans annually from entities like the World Bank and the International Development Bank. The NICA bill making its way through the U.S. Congress is aimed at making it more difficult for Nicaragua to receive such loans on a long-term basis by leveraging U.S. influence on international lenders.

Ortega’s government responded Thursday in a news release to the U.S. House’s vote on the bill, saying it was a “violation of international law and the United Nations charter.”

Nicaraguan opposition reorganizes

On Thursday, Nicaraguan opposition parties announced the creation of a new “Broad Front” party that brings together the country’s conservative parties with Sandinista dissidents and other opponents of Ortega’s administration.

Leaders hope the new alliance will revive the opposition’s chances of defeating Ortega.

“The goal is to unify all the government opponents to speak out against the wrongs of this electoral process,” said Fabio Gadea, the 2011 presidential candidate for the Independent Liberal Party (PLI).

Trending Now

Alcaraz Edges Zverev in Five-Set Epic to Reach Australian Open Final

Carlos Alcaraz fought through the longest semifinal in Australian Open history to defeat Alexander Zverev and advance to the men's singles final. The top-seeded...

Voter Turnout Rises in Costa Rica as Abstention Drops

Sunday’s election day brings good news for all of Costa Rica: voter abstention decreased. This means that more people decided to participate in these...

Costa Rica President-elect announces plan that points to a concentration of power

The president-elect of Costa Rica, the right-wing Laura Fernández, announced on Monday an ambitious plan to reform the state, which her critics say points...

Costa Ricans Cast Ballots in Pivotal Presidential Election

Voters across the country headed to polling stations today to select the next president and reshape the Legislative Assembly. The election drew 3.7 million...

Costa Rica Voted for Change Now It Must Decide What Kind

The people have spoken. Laura Fernandez is our new president. The next four years in Costa Rica will be interesting. As the handpicked successor...

Costa Rica’s president-elect takes cabinet post to manage transition

Costa Rica’s president-elect, right-wing politician Laura Fernández, was sworn in on Wednesday as chief of staff to organize the transfer of power, an unprecedented...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica