Finland withdraws aid to Managua

They suspended $2.57 million in budget support and warned that they are expecting "free and transparent election" on Sunday.

Tuesday, November 4, 2008

This was the statement by Marko Lehto, budget support and governance adviser from the Finnish Embassy, according to an interview with the political weekly Confidencial that was republished in the El Nuevo daily.

Lehto revealed that the Finnish Ministry of Foreign Affairs sent a letter to the government of Daniel Ortega last week justifying the suspension of the payment of two million euros ($2.75 million) for the State budget in 2008.

He clarified that Finland is still a member of the Budget Support Group and could continue with the aid in 2009, although that would depend on ...

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Nicaragua: $ 171 Million in Loans from IDB

December 2010

The financial institution confirmed the release of the funds for 2011 to support projects in the power sector, transportation sector and budget support, among others.

This was announced by the representative of the organization in the country, Mirna Liévano, adding: "Nicaragua has already met all the requirements of transparency for accessing new loans from the IDB."

Complicated new year in Nicaragua

January 2009

The strike in the National Assembly continues 13 days before municipal elections, causing a loss of $20 million loan from the IDB.

The local media and experts have warned that said strike in the Assembly will cause delays in the passage of important laws and beneficial international loans. The General Budget for 2009 has not been approved either.

Nicaragua admits that it is running out of funds

December 2008

Daniel Ortega admitted that the European Union has frozen $43 million as well as the impact that the cancellation of the Millennium Challenge Account by the US will have.

The Nicaraguan president proposed aid from Venezuela as the only alternative to overcome the freezing of external cooperation, despite the fact that Venezuela is going through a severe economic crisis due to the drop in the price of petroleum.

Nicaraguans go to the polls this Sunday to elect new Mayors

November 2008

In the midst of a political polarization the elections have come to be about the Sandinista President, Daniel Ortega.

Almost 4 million Nicaraguans are eligible to vote this Sunday to elect almost 3400 officials, including Mayors, Deputy Mayors, among many others from 5 different parties.

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