No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveEU suspends budget support to Nicaragua

EU suspends budget support to Nicaragua

The European Union has suspended $32 million in budget support to Nicaragua this year to protest the Daniel Ortega government´s failure to comply with the EU´s governability, transparency and human rights requirements.

The European Commission´s spokesman in Nicaragua, Pedro Mucciolo told The Nica Times yesterday the EU will release only about half the $68.2 million in aid it planned on providing for Nicaragua´s government budget this year.

The EU´s aid suspension comes after the U.S. government froze $64 million in aid under its Millennium Challenge Account in Nicaragua because of the impoverished country´s deteriorating democratic freedoms.

U.S. Ambassador to Nicaragua Robert Callahan told reporters yesterday that Nicaragua has three months to find a solution to its electoral crisis, in which the polarized country has come to an institutional standstill after allegations that the Nov. 9 mayoral elections were rigged by the ruling Sandinistas. Otherwise, Nicaragua´s frozen Millennium Challenge aid will be cut for good. The United States has backed opposition calls for a vote recount with international observers.

“Nicaraguans are the ones who have to find a solution to this problem,” Callahan said.

Trending Now

Fishing, Wildlife, and History in Costa Rica’s Barra del Colorado

Costa Rica’s Barra del Colorado is a magical and charming town. It’s one of the country’s hidden gems, best known for its world-class sport...

Costa Rica Court Moves to Lift President Chaves’ Immunity

Costa Rica’s Supreme Court of Justice on Tuesday asked Congress — for the first time in the history of this country with a well-established...

An Expat’s Take: 5 Burning Questions About Life in Costa Rica Right Now

Have you been keeping up with the various events taking place in Costa Rica? There is always something interesting going down, and here are...

Celso Gamboa Allegedly Ran Drug Ring with Costa Rican Government Ties

Celso Gamboa, once Costa Rica’s Security Minister and a Supreme Court judge, now faces extradition to the U.S. for leading a major cocaine trafficking...

2025 Gold Cup: Honduras Advances After Dramatic Shootout, Mexico Ends Goal Drought

Honduras, with a surprising and dramatic penalty shootout victory over Panama, and Mexico, with a lackluster win against Saudi Arabia, advanced Saturday to the...

Costa Rica Moves Forward with Crypto Regulation to Combat Financial Crime

Costa Rica’s Legislative Assembly has advanced a landmark bill targeting the regulation of virtual asset service providers (VASPs), aiming to bolster the nation’s defenses...
Avatar
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica