Nicaragua

Nicaragua’s Economic Collapse Has Already Begun

Each day that passes without the country reaching a political agreement, the economy becomes more depressed. Each dollar that leaves the banks, each million dollars not invested, each loan that is not approved, and each job that is lost, confirm that without a political solution the nation will plunge in an economic debacle.

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Nicaragua: Pension Cuts and Higher Employer/Worker Contributions

Last April 16, the head of the Nicaraguan Institute of Social Security (INSS), Roberto Lopez, announced the Ortega government’s unilateral decision to impose several unpopular reforms to the country’s pension system, which served as a trigger for a crisis that had been accumulating for years. Those reforms were retracted five days later. As of this week, they are back…

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Carlos Vives Cancels His Nicaragua Concert

Popular Columbian musician Carlos Vives cancelled his scheduled Managua concert aimed at “raising money” for the National Zoo. The WK Entertainment Agency that manages Vives’ shows and the Premier Productions Company, which organized the event, informed the public on Monday of the cancellation via a press release. The show had been scheduled for March 23.

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European MP after Nicaragua Visit: “Telling the Truth is Not Terrorism”

Nicaraguan journalist Miguel Mora and Spanish MEP Ramon Jauregui Atondo spoke for half an hour in a cell of the El Chipote prison in Managua. The talk was considered by the European MP as “moving.” The case of the journalist drew the attention of a mission of the European Parliament, which was in Nicaragua last week to learn in situ what happened in the country since last April.

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