(posted June 25, 4:10 p.m.)- The Nicaraguan-American Chamber of Commerce (AMCHAM) released a statement this afternoon categorically rejecting President Daniel Ortega’s threats to block all U.S. aid to Nicaragua, warning such a move would cause “irreparable harm to our country.”
AMCHAM reminded President Ortega that the U.S. is Nicaragua’s principal trade partner, source of foreign-direct investment and source of tourism visits. In addition, AMCHAM added, there are more than 600,000 Nicaraguans living in the United States who help prop up Nicaragua’s economy by sending back some $900 million a year in remittances.
So escalating the conflict with the United States rather than addressing Nicaragua’s political problems, such as replacing the more than two dozen government officials who remain in office after their terms have expired, makes no sense, AMCHAM says.
“We categorically reject the public expressions made by those who in the past drove out country to unnecessary confrontation with the United States,” AMCHAM said.