Bruno Gallardo will be Nicaragua’s new Finance Minister, replacing Iván Acosta, who was sanctioned by the United States in 2020, the nation’s official gazette showed on Thursday.
Gallardo, a 79-year-old former union leader, previously served as deputy finance minister and had been signing credit agreements with international organizations since Acosta was sanctioned.
Acosta had held his post since 2012. He was sanctioned by the U.S. Treasury for financially supporting the administration of President Daniel Ortega and for, according to Washington, threatening banks not to participate in an opposition-organized strike to free political prisoners in 2019.
Local media Confidential and The Press had reported in recent days that Acosta’s home had been raided by police, suggesting he may have fallen out of favor with the president.
The government waged a bloody crackdown on anti-government protests in 2018, during which more than 360 people were killed, mostly by police and other security forces, according to tallies by rights groups.
Since then, dissidents from broad sections of society, including journalists and religious figures, have been jailed.
In 2021, Washington imposed sanctions and denounced Ortega’s re-election as a “farce” after all of his main opponents were arrested and detained by police in the months leading up to the vote.
Connect with the Voice of America! Subscribe to our channelsYoutube, WhatsApp and to newsletter. Turn on notifications and follow us on Facebook, X and Instagram.
