Nicaragua closes US Chamber of Commerce and 150 other organizations

Date:

Share post:


MEXICO CITY — Nicaragua’s government closed another 151 nongovernmental organizations Thursday, among them some of the most important trade organizations, including the American Chamber of Commerce, coming just days after the government shuttered some 1,500 nongovernmental organizations, many of them religious in nature.

The Interior Ministry also cancelled the legal status of the umbrella organization for European countries’ chambers of commerce in Nicaragua.

The U.S. chamber, known locally as AMCHAM, had been in existence in Nicaragua for 47 years. It focused on promoting investment and bilateral trade with Nicaragua’s most important trade partner. The Associated Press left messages with the chamber seeking comment on the move.

The relationship between the U.S. and Nicaragua has been strained for years, especially since President Daniel Ortega’s deadly crackdown on massive street protests in 2018, but commerce continued.

Other groups closed in the decree were the National Union of Farmers and Ranchers, as well as chambers of commerce from various other countries including Mexico, Panama and Uruguay.

Ortega has targeted nongovernmental organizations since the 2018 uprising, alleging that organizations receiving foreign funds were involved in what he considered an attempt to oust him from office. To date, his government has closed more than 5,000.

On Monday, Ortega decreed that 1,500 organizations, mostly religious, including churches be closed. Officially, the government said they had not correctly reported their financial statements to the government.

Enrique Sáenz, an economist and political analyst, said that the closure of organizations tied to the private sector, which he characterized as “absolutely irrational.”

“They’re shooting themselves in the foot with a shotgun,” he said, noting that the government is reducing public spending and now will lose the jobs those organizations created.

“It sends a disturbing message” to businesses and overseas and displays “a climate of uncertainty for trade and investment,” he said.

The closures impact Nicaraguans as well since many of the organizations provide some form of relief to people in need, he said.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Boeing says it's considering temporary layoffs to save cash during the strike by machinists

DALLAS -- Boeing plans to freeze hiring and reduce travel and is considering temporary layoffs to save...

A pipeline has exploded and is on fire in a Houston suburb, forcing evacuations

LA PORTE, Texas -- Firefighters were battling a massive pipeline fire in suburban Houston that sparked grass...

Betting on elections threatens confidence in voting and should be banned, US agency says

ATLANTIC CITY, N.J. -- Allowing people to bet on the outcome of U.S. elections poses a great...

The next generation of Buffetts is poised to become one of the biggest forces in philanthropy

OMAHA, Neb. -- The next generation of Buffetts — Howard, Susie and Peter — is poised to...

A French member of the European Commission resigns and criticizes President von der Leyen

BRUSSELS -- An influential French member of the European Union’s powerful executive branch resigned on Monday, criticizing...

A state's experience with grocery chain mergers spurs a fight to stop Albertsons' deal with Kroger

Lawyers for Washington state will have past grocery chain mergers – and their negative consequences – in...

Autoworkers demonstrate in Brussels to protest layoff threats across the EU industrial base

BRUSSELS -- Thousands of disgruntled workers demonstrated in the Belgian capital on Monday to protest the threat...