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

Popeyes Unveils Biggest Outlet in Costa Rica at Santa Ana Trade Center

Popeyes launched its biggest outlet today marking a key step in its local growth. The new spot sits in the Santa Ana Trade Center...

Costa Rican Hospital Climbs Ranks Among Latin America’s Best in 2026

A local private hospital has earned recognition in a major international ranking, placing it among Latin America's leading medical centers for specialized surgeries in...

Two Costa Rican Hotels Earn Forbes Recognition for Wellness and Luxury

Two standout Costa Rican properties have received prestigious recognition in recent Forbes magazine coverage, highlighting the country’s growing reputation as a global leader in...

Netflix Raises Subscription Prices in Costa Rica

Netflix is increasing subscription prices in Costa Rica beginning March 7, raising monthly costs across all plans available here, according to a notice sent...

Costa Rica’s Dry Forest Pit Viper and Why It Shows Up in Yards

I’m leaning into being a grumpy old man here, but when I was a kid and I got in trouble my punishment was that...

Costa Rica Faces ₡1 Billion Bill from Home Damages Due to Fires and Floods

Natural disasters and severe weather events led to more than ₡1 billion in payouts for damaged homes last year, data from the National Insurance...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica