Nicaragua: 2012 Property Waiver Approved

The United States Government has granted Nicaragua the so-called "property waiver".

Wednesday, July 25, 2012

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.

An article in Noticias.terra.com.co, reports that "The approval of the ‘property waiver ‘ was based on ‘the national interest of the United States and the efforts of the Government of Nicaragua to solve the property claims of U.S. citizens.’"

Despite granting this waiver, the United States Government expressed its "discomfort" and "concern" to Nicaragua over the deterioration of the rule of law in the country, reflected by an increasing number of cases of invasion of private land, which, in their view, is an "obstacle" to private investment.

"Worryingly, the increase in new cases of land invasions and other forms of theft of property" show "the deteriorating condition of the rule of law in Nicaragua", reads a statement from the American legation.



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