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US calls for more scrutiny in World Bank and IDB project loans for Nicaragua

Thursday, January 26, 2012

The United States says Nicaragua's recent elections were “a setback to democracy” and warned it would now review aid to the country.

In a statement , Secretary of State Hillary Clinton said the November 6 re-election of President Daniel Ortega was marred by significant irregularities.

Clinton says the US and other countries must therefore look for ways to hold Nicaragua accountable — such as applying “aggressive scrutiny” to project loans at the Inter-American Development Bank and World Bank.

Original source: Voice of America