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Colombian drug cartels in Nicaraugua

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 This is from Southern Pulse, a newsletter dedicated to security issues in South and Central America.

COLOMBIA - NICARAGUA

On 12 April 2010 Nicaraguan sources said that Colombian cartels are taking refuge on the Nicaragua’s Caribbean coast, an area larger than Costa Rica, which the Nicaraguan Army – with only one helicopter and several speed boats seized from drug traffickers – finds difficult to monitor.

 

Last Updated on Tuesday, 04 May 2010 17:49
 

Gran Pacifica, Nicaragua - First Impressions

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Retirement Destination or investment play?

If the truism holds that it's best to “under-promise and over-deliver ”, the developers of Gran Pacifica on the Pacific coast of Nicaragua have it made in spades. What I saw far outstripped what they promised. This is truly a major project which has already committed significant ($20 K+Million by their estimate) of infrastructure investment. Interestingly, it has all been equity financed so they have zero debt. Which should keep them stable through the coming economic whirlwind. The question is... is it one of the worlds greatest retirement destinations, or is it purely an investment play?
 

 

Last Updated on Tuesday, 04 May 2010 17:49 Register to read more...
 

Protests in Nicaragua

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 The following is an article from the AS/COS (American Society Council of the Americas) newsletter:

 

Pro-Government Protests Rattle Nicaragua

Michal Toiba
April 26, 2010

President Ortega at the anniversary celebration of his party's 2008 municipal election victory. (AP Photo)

Nicaraguan lawmakers reentered the National Assembly late last week, following demonstrations by Sandinista and pro-government followers who took to the streets of Managua in protest of attempts by opposition politicians to overturn a presidential decree. The protests prevented opposition lawmakers from holding an unplanned legislative session in Nicaragua's parliament aimed at countering President Daniel Ortega's January decree extending the mandate of two Sandinista-affiliated Supreme Court justices and several public officials. The decree has been viewed as an attempt to extend his presidency, given that in November 2009 Sandinista-supporting justices on the Supreme Court overturned a constitutional ban preventing the president's reelection. 

The blockade forced the legislators to convene at a nearby hotel, upon which a crowd that followed them proceeded to throw rocks and explosives at the building, injuring three legislators. While the Organization of American States (OAS) expressed “deep concern” about the violent protests, the Nicaraguan government called the demonstrations “simple, legitimate expressions of the people” and demanded that OAS Secretary General José Miguel Insulza refrain from making declarations based on biased media reports. The OAS has received both support and criticism from Ortega's government, reports El Pais. Ortega supported the organization's decision to isolate Honduras following the June 28 ouster of then-President Manuel Zelaya, but warned Inzulza against meddling over last week’s incidents. 

The latest round of friction is part of the growing dispute between Ortega and opposition lawmakers over legislation approved by Nicaragua's Supreme Court that would allow Ortega to be reelected in 2011. Opposition groups say they have the required 47 votes to overturn Ortega's decision to keep 25 officials in office and that keeping them in office violates the constitution. Ortega, whose first term ran from 1984 to 1990, won his second term in 2006 with 38 percent of the vote. Since then, the Sandinista leader's approval rating has dropped, with a recent poll showing support for Ortega at 23 percent. Despite dwindling support, Ortega has tried to pressure his country’s Congress to reelect the current electoral council in order to enable his third presidential bid. But after Congress refused to heed his calls, Ortega issued a decree in January 2009 allowing two Supreme Court judges—both of whom took part in last week's protests—and the electoral council to stay in office. The council oversaw 2008 municipal elections widely considered fraudulent, sparking the loss of million of dollars in lost foreign aid from the United States and the European Union. 

Despite criticism of Ortega's government, the Hemispheric Brief blog points out that pro-government lawmakers claim the opposition has not done enough to implement important economic and social legislation and has refused to accept Supreme Court rulings. Quoted in the blog, the Alliance for Global Justice says Ortega's actions were a “last ditch effort to maintain a functioning national government.” Still, other observers raise concerns over the future of Nicaragua's democracy. As Tim Rogers writes in Time, “[T]he latest crisis has shown that Nicaragua's rickety democracy, 20 years in the making,could come down like a Jenga tower.” 

 

 

Last Updated on Tuesday, 04 May 2010 19:00
 


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