Property Rights in Nicaragua

Nicaragua is ranked 123 out of 130 countries included in the latest International Right to Property Index by the NGO Americans Tax Reform.

Friday, July 13, 2012

Writing in, Luis Sanchez Sancho analyzes a particular case of the many that are currently being aired on Nicaragua property rights.
Sanchez says:

"The regime of Daniel Ortega has been troubling, obviously, in the resolution, or the appearance of a resolution, to the problems of property of U.S. citizens which were seized by the Sandinista revolution, so that the United States grants the waiver or its annual exemption for access to concessional loans from international financial organizations. But Nicaraguans who are not U.S. citizens, as well as foreigners of other nationalities, are entitled to have their properties return or be paid compensation and to the right to not suffer further confiscations or arbitrar expropriations as happened recently in the case of Punta Teonoste, group Panica, the Martinez family and many others.

One of the most obvious, harmful and regrettable examples of the erosion and retreat of democracy in Nicaragua under the authoritarian regime of Daniel Ortega, is the blatant and unpunished abuse of the right to private property. Therefore Nicaragua is ranked 123 out of 130 countries that were included in the latest International Right to Property Index, by the U.S. non-governmental organization Americans Tax Reform. But of course the Ortegan aggression is not against private property in general. Rather it is an attack against the property of others, because its leaders are people who are Ortegans who became large landowners during the confiscations in the eighties, the nineties ‘piñata’ and exercising discretion and abuse of power today. "

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