The FDL Financial informed its clients that there is no link with the Local Development Fund Association, an organization outlawed by the Nicaraguan Assembly this Thursday, March 17.
In a statement, the financial institution indicated that “given the information published on social networks and the media about the project to cancel the legal status by the National Assembly of 25 non-profit organizations, NGOs; among which is the Local Development Fund Association, an institution other than Financiera FDL, SA».
FDL assured that the entity is supervised by the Superintendence of Banks and other financial institutions (Siboif), therefore; continue to operate normally.
Related news: Ortega regime seeks to annihilate another 25 NGOs
This Thursday, the National Assembly completed the banning of 25 civil society organizations. The legislative decree was approved with 74 votes in favor, 16 abstentions and one present; They assure that these organizations have not reported their boards of directors and their financial reports according to the fiscal periods and detailed breakdowns as established by law. In addition, the Foreign Agents Law and the Law against Money Laundering are mentioned.
The new NGOs canceled are the Nicaraguan Operation Smile Association, the Nicaraguan Association of Journalists Dr. Pedro Joaquín Chamorro Cardenal, and the environmentalist Alexander Von Humboldt Center for the Promotion of Land Development and Environmental Management (Humboldt Center).
Also the Violeta Barrios de Chamorro Foundation for Reconciliation and Democracy, the Nicaraguan Foundation for Economic and Social Development (Funides), the Ethics and Transparency Civic Group Foundation, the Foundation for Freedom, and the Vital Voices Association of Nicaragua.
In addition, Agora Partnerships Foundation, Foundation for the Autonomy and Development of the Atlantic Coast of Nicaragua, Civil Association of Youth Entrepreneurs of Nicaragua, Harvard Club Association of Nicaragua, Foundation for Nicaraguan Human Dignity and the Social Club of Matagalpa.
Likewise, the Citizen Crusade for Democracy Foundation, the Kolping-Nicaragua Foundation, the Observation Institute for Democracy and Human Rights Foundation, the March 8 Women’s Collective Civil Association, the Scholarship Fund Foundation for Alumni of the Central American School (Fobeca), the Fund Association of Local Development, and the Nicaraguan Women’s Forum Association.
The others are the Center for Justice and Human Rights Association of the Atlantic Coast, the Christian Center for Human Rights Association and the Center for Violence Prevention Association.
