The United States Government has granted Nicaragua the so-called "property waiver".
Expressing its concern at the deterioration of the rule of law in Nicaragua, and the 337 cases of claims by American citizens that their property had been confiscated, the United States today approved a so called property waiver, which in practice means that it will support international agencies which the Nicaraguan government seeks loans from.
Nicaragua's government is trying to calm fears among businesses after the release of a report covering the pending property claims of U.S. citizens, without which bilateral and multilateral U.S aid may be jeopardized.
From June 2011 to date, the government has been attending to about 64 claims by U.S.
Greater respect for property rights leads to faster economic development
The order of the countries in the 2011 International Property Rights Index (IPRI) report is less important than the conclusions that are possible to obtain by analyzing correlations between the parameters that comprise the index and economic development.
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