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U.S. extends Nicaragua property waiver

Tuesday, August 5, 2014


The U.S. government today announced another one-year extension of its annual “property waiver” for Nicaragua, granting the Sandinista government access to U.S. bilateral aid and support for multilateral funding for another year.

The waiver, granted to Nicaragua every year since 1995, was renewed as a reward for Nicaragua’s continued efforts to resolve pending property claims from U.S. citizens whose properties were confiscated by the Sandinista government in the 1980s.

Over the past 19 years, Nicaragua has forked over nearly $1.28 billion in compensations to thousands of U.S. and Nicaraguan citizens whose properties were confiscated by Sandinistas in the 1980s.

Source: Nicaragua Dispatch