(posted Feb. 17, 1:20 p.m.)- The Embassy this afternoon issued a statement to The Nicaragua Dispatch saying it “remains concerned over respect for private property rights in Nicaragua.”
Although there are no U.S. citizen claimants involved in the recent land dispute at Punta Teonoste, the private sector is worried that U.S. concerns over property rights could affect the extension of this year’s waiver. Due to past confiscations of U.S. citizen properties in Nicaragua, the U.S. government must extend a waiver each year for the Nicaraguan government to be eligible to receive continued U.S. aid. The waiver is usually voted on in July.
Nicaragua’s private sector has expressed concern that the allegations of confiscations—along with Republican calls for action against the government of President Daniel Ortega—could put the waiver at risk this year, at a time when other European countries are already pulling valuable bilateral aid to Nicaragua.
“Respect for private property rights is a fundamental requirement for investment, economic development, and prosperity – goals shared by both the Nicaraguan and United States governments,” the U.S. Embassy said in its statement.