Nicaragua

Sanctions, Bancorp and the Ortega Family Wealth

One of the most noteworthy news items of the last few days has been the United States government’s imposition of sanction on the presidential couple’s son and on the Ortega family’s bank, known as Bancorp (Banco Corporativo, or Corporate Bank).

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Ortega Government to “Monitor” Family Remittances

“The compilation of so much detailed information [to the Ortega government] serves to develop political espionage, but also to estimate what the ranges of transfers, remittances, and other asset transactions could be taxed. The volume of information is going to be very high,” said an economist.

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Prestigious Nicaraguan School Rejects Political Proselytism

A number of posters with political propaganda were hung in the halls of the Colegio Aleman Nicaraguense [German Nicaraguan School] by the grandchildren of the presidential couple, according to information posted on social media. This occurred after a group of seniors held an activity to commemorate the victims of the civic rebellion that began in April 2018.

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The Economist Sees Ortega in Power in Nicaragua Through 2022

The only vulnerable point of the Ortega-Murillo regime is its susceptibility to US sanctions, according to the latest report from the British-based Economist Intelligence Unit The EIU maintains its prediction that the FSLN will not leave power before 2022, even if this means, “Nicaragua’s descent into a Venezuelan-style quagmire.”

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Nicaragua’s April Rebellion Half-Way Down the Road

The image of euphoric protestors celebrating the fall of the first “Chayopalo”, one of the omnipresent metal “trees of life” imposed by Rosario Murillo, on the third day of the civic protest, revived in my memory the same sense of liberation that I lived some 40 years ago when the statue of Somoza García on a horse came crashing down.

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