The government of President Daniel Ortega criticized over the weekend those who “have asked the yankees that destroy economic relations with Nicaragua”, without directly alluding to the fact that the US government would be contemplating curb the exports of the Central American nation.
With the measure, the United States would seek to pressure the Ortega government, accused of human rights violations and for keeping its opponents in jail.
“This country is full of hope and that poisons more those who want to see Nicaragua destroyed, they are those who live asking that the yankees destroy economic relations with Nicaragua, but Nicaragua has economic relations with the whole world, and now we have established relations with the country that has had the fastest growing economy in the history of humanity, such as the People’s Republic of China,” he said. Ortega.
In the public intervention last Saturday, Ortega thanked the governments of China, Venezuela, Cuba “for their solidarity with the Nicaraguan people.”
The United States is Nicaragua’s main trading partner. Official data shows that about 60% of total Nicaraguan exports go to the US.
consulted by the voice of america, the deputy related to Ortega, Wilfredo Navarro, declined to comment on the matter, alleging that he is busy in “meetings.”
State Department Warns Investors
At the same time, the United States Department of State warned investors to be “extremely cautious” with Nicaragua, in the midst of a serious ongoing sociopolitical crisis. The crisis worsened in 2018, as a result of the protests against the Ortega government.
A report of the US pointed out that in Nicaragua civil rights continue to be suspended, detaining more political prisoners and ignoring the rule of law “creating an unpredictable investment climate plagued by reputational risks and arbitrary regulations.”
In the same way, he expressed that Nicaragua is betting on a new economic association with China, after the rupture of diplomatic relations with Taiwan in December 2021, this as a way to seek “new investments and financing to compensate for the growing isolation” of the Ortega administration. .
“In response to the deepening authoritarianism of the Ortega-Murillo regime, almost all international financial institutions have stopped granting new loans to Nicaragua, and external financing will fall drastically beyond 2022,” the State Department indicated.
The crisis in Nicaragua is dragging on more and more and President Ortega has refused to call for a dialogue to resolve the situation, according to analysts.
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