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

Costa Rica’s Zapote Festival Returns: Dates, Times and Music Lineup

The Fiestas de Zapote draw thousands each year to celebrate the end of one year and the start of another. For visitors to Costa...

Lowest Hotel Occupancy Outlook in Costa Rica Since 2022

Hotels across the country project an average occupancy rate of 77% for the end of 2025 and the beginning of 2026, based on a...

Australian Open Champion Stan Wawrinka to Retire After 2026 Tour Season

Swiss tennis star Stan Wawrinka has declared that 2026 will mark the end of his professional career, setting up a poignant send-off at the...

Venezuelan Migrants Are Key to Latin America’s Economy, IOM Says

Venezuelan migrants make a “key” economic contribution to the countries where they live, undermining claims that they are merely a burden, according to a...

Honduras Sticks with Nighttime Border Shutdowns, Complicating Travel for Visitors

Travelers heading to Honduras face ongoing hurdles at land borders, where officials shut down crossings each night. The country's immigration service halts operations for...

Costa Rica Tamales Season Tips Every Tourist Should Know

As the year winds down and the air fills with the scent of banana leaves and seasoned masa, tamales season has officially arrived in...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica