U.S. 'Waiver" Makes Businesses Uneasy

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.

Thursday, March 29, 2012

From June 2011 to date, the government has been attending to about 64 claims by U.S. citizens who had their property seized in the 80s, having already solved about 25 cases, according to a report from the Attorney General's Office (PGR) released to Members of the Council of Private Enterprise, COSEP.

This was confirmed by Joseph Adam Aguerri, President of COSEP, who shared details of the PGR’s report during a recent ordinary meeting of the Board of the union body, published Elnuevodiario.com.ni.

"Compared to the same date last year, today, more cases solved have been solved. This indicates that by July (2012) we will have a similar number of cases approved, I hope so, that's the expectation that the attorney has given us", said the business leader, referring to the head of the PGR, Hernán Estrada.

Last year, the PGR solved about 62 cases, and an equal number should be resolved during 2012, before the end of the period of the waiver granted by the U.S. government to Nicaragua, which expires on July 29. This should be a priority of the Nicaraguan state, emphasized Aguerri.

The newspaper La Prensa also echoed the businessman's concern: "And fear has revived among businesses in these days, before the announced visit of Gonzalo Gallegos, the chief of the State Department Central American office, who has to assess whether the country should benefit or not from the waiver", reads an editorial in the newspaper.

The 'waiver' of the property is one dispensation granted by the U.S. government to Nicaragua, in order to respond to U.S. citizens whose urban and rural properties were seized in the early 80's. If not approved, the USA could cease its bilateral aid and support for multilateral credits.

See also editorial in La Prensa:
http://www.laprensa.com.ni/2012/03/28/voces/95671 (In Spanish)

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