US House Committee Passes Sanctions Against Nicaragua

TODAY NICARAGUA – The U.S. House Foreign Affairs Committee passed the bill known as the Nicaraguan Investment Conditionality Act of 2017, or Nica Act, Thursday, in an effort to impose economic sanctions on Nicaragua over alleged authoritarianism and corruption by President Daniel Ortega.

Nicaragua currently relies on 70 percent of foreign funds for its budget. The bill seeks to add conditions to the provisions of aid from international financial institutions to the country.

The committee’s approval of the bill marks the last day before the summer recess of the U.S. Congress. The bill will now go to the House of Representatives for a final vote in September.

- payin the bills -

The Nica Act initially went out of circulation in the House of Representatives when the 2016 congressional session closed, only to be reintroduced in the U.S. House and Senate by Republican Senators Marco Rubio, Ted Cruz and Ileana Ros-Lehtinen, as well as Democrat Albio Sires in April.

The new bill, significantly more stringent than the original, seeks to impose economic sanctions on Nicaragua over alleged authoritarianism and corruption practiced by democratically-elected President Daniel Ortega and restrict the conditions of loans from multilateral organizations.

The Nicaraguan government released a statement in April calling the Nica Act an “ irrational proposal conceived by insensitive minds.”

The U.S. Ambassador to Nicaragua Laura Dogu said earlier this week the U.S. government and congress members have “noted which countries support Venezuela,” stating that Nicaragua “does not have many friends in Washington, for the support it gives to Venezuela,” affirming that congress most likely will vote “in favor of approving the Nica Act,” according to Bolsa de Noticias newspaper.

- paying the bills -

Not mincing words, Dogu concluded that it is her belief that some members of the U.S. Congress would favor the Nica Act “simply because of the support that Nicaragua is giving to Venezuela.”

Ortega is a proud ally of Maduro and used the anniversary of his nation’s Sandinista Revolution as an opportunity to lambast U.S. interference and threats against Caracas.

Washington is threatening to ratchet up the pressure ahead of Sunday’s elections for the National Constituent Assembly called by the Venezuelan President Nicolas Maduro, imposing new sanctions on 13 senior officials Wednesday.

Along with the Nica Act, the Foreign Affairs Committee also passed a resolution which condemns the political, economic, social and humanitarian crisis in Venezuela.


- paying the bills --

Related Articles

Nicaragua still the country with the greatest mobility in Central America in times of pandemic

TODAY NICARAGUA - Eight months after the first case of Covid-19...

Remittances grow despite the coronavirus pandemic

“Everybody sends money to family members for their daily subsistence and...


Rosario Murillo: La Heredera (The Heiress)

Rosarion Murillo, the "eternally loyal" to her husband and political partner, Daniel Ortega. In a profile by Confidencial in October 2016, before her election as...

Better Air Connectivity Between Nicaragua and the US

The private companies' association is in talks with United Airlines to promote the opening of a route that connects Nicaragua with the east coast...

Nicaragua Unveils Central America’s Largest Baseball Stadium

Nicaragua has unveiled its long-awaited baseball stadium in Managua, replacing the former baseball field built in 1948. The new structure will hold up to...

Bianca Jagger Gets Into The Nicaragua Act Again

(American Thinker)  Remember Bianca Jagger? You know, the disco queen and former rock-star's wife turned leftwing "human rights activist" who was last seen mourning...

What Are Some of Nicaragua’s Popular Food?

TODAY NICARAGUA - Nicaragua is an interesting place, with a tumultuous history and a relatively peaceful present. and even if many things can be...

Nicaragua Praised by the IMF

The IMF noted the positive evolution of all the country's economic indicators, and the drastic fall in poverty, with an increase of 33% in...

Poll Shows Declining Expectations on a Nicaraguan Canal

According to the results of the most recent survey conducted by Cid Gallup, the Nicaraguan interoceanic canal project, a concession given to the Chinese...

Let's Keep This Going!

To be updated with all the latest news and information about Nicaragua and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.