Nicaragua: US Eliminates Property Waiver

The need has disappeared for an procedure for granting an annual waiver which used to be a restriction on bilateral assistance and support for international loans to Nicaragua.

Thursday, August 6, 2015

The US Embassy in Nicaragua reported that "... The United States recognizes the work of the current government administration 'to resolve pending claims in an expeditious and satisfactory manner.' "

The statement issued by the embassy says "... "We recognize and appreciate the determination shown by the Government of Nicaragua in recent months to resolve outstanding claims in an expeditious manner satisfactory to all parties. We hope the government of Nicaragua will make greater efforts to resolve complaints that do not fall within Section 527 '. "

Elnuevodiario.com.ni reports that "... The president of the Superior Council of Private Enterprise, COSEP, Jose Adan Aguerri, welcomed the announcement by the United States. 'Positive news on the respect for private property and support for international lending to Nicaragua.'"



More on this topic

USA Cancels Travel Warning to Nicaragua

December 2016

At the beginning of the peak tourist season entrepreneurs are optimistic about the withdrawal of the security alert that the US government had emitted.

The alert was issued by the US government weeks before the holding of presidential elections. Jose Adan Aguerri, president of the Superior Council of Private Enterprise (COSEP), said that   "... The decision came at an opportune time because it occurs in the high season for tourism in the country. 'In high season there is an increased flow of tourists, and it is very good that they are issuing this notice so that citizens can come''."

Property Waiver for Nicaragua

August 2014

Although there are cases still pending, the resolution of 52 claims made by 28 Americans is the reason that the country has been granted with a Property waiver until July 2015.

The United States Embassy in Nicaragua reported that "... from July 2013 to July 2014, 52 cases related to 28 American citizens were resolved, and that despite the progress achieved, there are still 154 property claims by American citizens pending. "

Resolution of Property Dispute in Nicaragua

March 2014

The Attorney General has invited U.S. citizens with outstanding property claims, to present their cases to a process that it advertises as fast.

The Nicaraguan Government is seeking to resolve in the short term all cases or property disputes that exist with U.S. and in through this dispel the usual objections for it not being granted a Waiver of Property by the U.S. government.

U.S. 'Waiver" Makes Businesses Uneasy

March 2012

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.