The EU also freezes funds to Nicaragua

©image: Luis Sáenz

This is due to the criticism of the recent electoral process and complains about "the offenses" committed by President Daniel Ortega against contributors.

Fraysse insisted that the measure is not "repression or blackmail" of Ortega's government, who is accused of electoral fraud by the opposition, but suggested that Nicaragua has not complied with "norms" established in the cooperation agreements.

Source: Estrategia & Negocios

More on this topic

United States freezes aid to Nicaragua

November 2008

John J. Danilovich, president of the CRM assistance program, reported that all subsequent payments will be frozen.

Warnings were given. The US ambassador, Robert Callahan, had warned that they would review the level of economic cooperation for Nicaragua due to the claims of fraud in the recent municipal elections.

United States Cuts $64 Million in Aid to Nicaragua

June 2009

These CRM funds had been designated for the construction of a highway project and a property regulation project.

The board of directors of the Millennium Challenge Fund (CRM) unanimously resolved to reduce the aid to Nicaragua by $64 million (of a total of $175 million). These funds had been frozen since November 2008 after questioning involving municipal commissions.

Holland suspends cooperation with Nicaragua

December 2008

Holland announced that it will not pay the 12 million euros of aid to the Nicaragua government scheduled for 2008 and 2009 due to the contested municipal election held on November 9.

"I don't see it as reasonable to give direct aid to the Sandinista government which has done all it can to prevent free and fair elections," said the Minister of Development, Bart Koenders, in a release.

Nicaragua: How much more fire can the current situation take?

November 2008

The country continues to be divided after municipal elections. Some are claiming victory, others are alleging fraud.

Just a week after the latest elections in Nicaragua, it seems that violence has reemerged as a tool that will be used to resolve conflicts in this Central American country.