
Trade Finance In Wartime
The huge drop-off in trade involving Russia and Ukraine has hit trade finance hard.
Nicaragua
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Daniel Ortega then … |
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… and now, as the new
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Ortega, who has since become openly religious and contends he has moved to the center-left, says he learned from his mistakes and will work with the IMF to maintain economic stability. “There will be no dramatic or radical changes to the economic foundations laid over these years,” Ortega said after his Sandinista party victory over conservative candidate Eduardo Montealegre.
The US, which imposed a blockade against Nicaragua during the first Ortega administration and unleashed the Contra insurgency against his government, is taking a cautious approach and awaiting signs that the president-elect means what he says. Ortega vows to protect private property, support free enterprise, respect civil liberties and uphold the DR-Cafta free-trade pact with the US. He also says he will work with Washington to curb his country’s crushing poverty.
Antonio Guerrero