United States Cuts Aid to Nicaragua

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    The US Embassy announced on Thursday the suspension USAID money to Nicaragua.

    The US Government was supplying $3 million in aid but suspended funds in response to the Nicaragua government’s dealings with Venezuelan and election process complaints in the 2011 elections.

    The future of US-Nicaragua relations is in question and the economic effects could be disastrous for the regions second-poorest country.

    The decision could affect Nicaragua’s ability to go forward on many initiatives, as the over $1.4 billion in development loans may be in jeopardy.

    Hugo Chavez, who provided Nicaragua with $557 million in 2011 and more than $2 billion over the past five years, along with of Iran’s Mahmoud Ahmadinejad, is one Ortega’s only two friends.

    The Costa Rica news (TCRN)
    San Jose Costa Rica

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