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No new Nicaragua waiver, urges Heritage Foundation

Friday, July 13, 2012

If the Obama Administration is serious about promoting democracy in Nicaragua, it can emphatically do so later this month when it decides whether to grant a property waiver to President Daniel Ortega’s corrupt and authoritarian government, according to a Heritage Foundation commentary.

If it opts to withhold the waiver, it will compel the U.S. to oppose Nicaragua’s loan applications at the Inter-American Development Bank, International Monetary Fund, and World Bank.

This could cost Nicaragua millions of dollars in grants and concessionary loans.

Source: Heritage Foundation