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 Assembly to Vote on Chaves Immunity Lift

The Legislative Assembly has set December 16 for a key plenary session to vote on removing President Rodrigo Chaves' immunity. The move follows a...

Costa Rica’s Main Airport Updates Radar Power Systems Post-September Failure

Authorities at Juan Santamaría International Airport have moved forward with updates and expansions after a power outage in September halted air traffic across the...

Latin American Tennis Talents Set to Shine at 2026 Australian Open

As the 2026 Australian Open approaches, Latin American tennis is showing signs of a resurgence, with a mix of established names and rising talents...

Coming Home to Costa Rica in a Driverless World

A week from now I’ll be back in Costa Rica. Three months gone, and I’m ready for the plane to touch down and to...

Costa Rica Leads Effort to Shield Sloths from Growing Illegal Trade

Costa Rica, alongside Brazil and Panama, has secured new international safeguards for two species of two-toed sloths, as nations at the United Nations Convention...

Costa Rica Joins Martin Garrix’s 16-City Americas Tour Lineup

Dutch DJ Martin Garrix has added Costa Rica to his list of stops for the Americas Tour set for 2026. The electronic music producer...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica