The U.S. government today announced another one-year extension of its annual “property waiver” for Nicaragua, granting the Sandinista government access to U.S. bilateral aid and support for multilateral funding for another year.
The waiver, granted to Nicaragua every year since 1995, was renewed as a reward for Nicaragua’s continued efforts to resolve pending property claims from U.S. citizens whose properties were confiscated by the Sandinista government in the 1980s. Cases are “resolved” when the original owner get his or her land back or is indemnified by the Nicaraguan government, according to the U.S.
The Sandinista government resolved an additional 52 property cases from 28 claimants during the last waiver cycle, from July 2013 to July 2014. An additional 154 property claims — including some of the most complicated cases filed— remain pending, according to the U.S. government.
Over the past 19 years, Nicaragua has forked over nearly $1.28 billion in compensations to thousands of U.S. and Nicaraguan citizens whose properties were confiscated by Sandinistas in the 1980
The U.S. government used to grant Nicaragua two waivers each year, one for budget transparency and the other for property confiscations. The transparency waiver was canceled two years ago and has not been renewed. The property waiver, however, is the more important of the two.